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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
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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