FINANCIAL NEWS

Posco E&C eyes USD2.9bn Saudi projects

04 Jul 2016

(MENAFN) Posco E&C, a leading South Korean global constructor, is in talks with the Saudi government for the development of key infrastructure projects worth USD2.92 billion.

In detail, the project pack includes a power plant, sulphur railcar roaring facility and a wastewater treatment plant in the kingdom, said a report.

Moreover, most of these projects are related to Saudi Vision 2030, reported Arab News, citing a senior company official.

Posco E&C has lined up many projects for the kingdom to support its march to achieve Vision 2030, including 13 projects under planning, two under construction and two under negotiation.

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