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Samsung Engineering wins US$1.5 billion Saudi Arabia power plant contract

Published: 20 Dec 2012 - 12:35 pm | Last Updated: 05 Feb 2022 - 09:51 pm

SEOUL: Samsung Engineering Co., South Korea's largest industrial plant builder, said Thursday that it has secured a US$1.5 billion order to build a power plant in Saudi Arabia.

Under the deal with Saudi Arabia's Saline Water Conversion Corp., the South Korean company will build the 3,100-MW power plant in Yanbu, 350 kilometers north of the country's second-largest city of Jeddah by December 2016, according to South Korea's (Yonhap) news agency. (QNA)