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FINANCIAL NEWS
GS plans to operate in Saudi Arabia
12 May 2011
(MENAFN) GS Engineering and Construction’s senior vice president of global sales and marketing, Mike Choi, said that after the South Korean company executed projects in Abu Dhabi that worth USD7 billion, it would focus on implementing projects in Saudi Arabia, reported Arab News.
Choi added that since 2008, the company won several projects from the United Arab Emirates, adding that South Korean companies were competing to bid for Gulf region projects, in addition, GS offered a proposal for a mixed feed cracker that Saudi Aramco and US Dow Chemical would construct as part of a huge petrochemical complex in Jubail.
He also said that the company received an invitation to bid for five construction packages in the expansion of the Rabigh petrochemicals complex, Rabigh II project, at the same time, GS would bid for the onshore offshore parts of the Kuwaiti- Saudi Hout oilfield.
It is worth noting that in July, GS will finish work on a green diesel project built by the UAE’s Takreer, with first production due to start in June, whereas it is on schedule to complete work on the Saudi Manifa gas facilities project by October.
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