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FINANCIAL NEWS
S Korea’s Daewoo Shipbuilding secures USD796m UAE contract
27 May 2013
(MENAFN) Daewoo Shipbuilding & Marine Engineering Co Ltd announced that it has secured a USD796 million UAE contract, reported Arabian Business.
The contract covers establishing oil production facilities in the Upper Zakum oil fields for the Zakum Development Company (ZADCO).
The South Korean shipbuilder added that the contract is slated for completion by 2017’s May.
It is worth noting that Daewoo won the contract in a consortium with Petrofac Emirates.
More News
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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