18 Oct 2012
(MENAFN) Hyundai Heavy Industries announced that it has been awarded a USD3.2 billion contract to set up a 2,640-megawatt thermal power plant in Saudi Arabia, reported Emirates 24/7.
The South Korean firm said that the capacity of the plant, which will be located 20km south of Jeddah and near the Red Sea, equals 5 percent of the country’s total electricity supply.
The world’s largest shipmaker had set a target of USD24 billion in orders in 2012; however, it had only won USD8.2 billion worth of contracts by the end of September, excluding the latest Saudi contract.
Hyundai, amongst other South Korean shipbuilders, is trying to reinforce plant construction and other businesses, since demand is softening from European commercial shippers hit by the euro region crisis.
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more