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FINANCIAL NEWS
Hyundai wins $329m contract from Abu Dhabi Ports
20 Sep 2010
(MENAFN) A statement issued by Abu Dhabi Ports Company said that the company has announced the award $329 million contract to Hyundai Engineering and Construction Co. Ltd for its flagship Khalifa Port & Industrial Zone (KPIZ) project, Qatar News Agency reported.
The contract contains project management, design, procurement, construction, testing and commissioning of all civil works related with the construction of the Offshore Terminal Area consisting of a 1000 meter semi automated container terminal and a 1400 meter Break bulk / general cargo terminal intended to hold the process of 2 million TEUs (Twenty Foot Equivalent Units) of containers and 9 million tons of general cargo as a primary capability.
The statement added that the project is scheduled for completion by the forth quarter of 2012.
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