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FINANCIAL NEWS
Saudi Aramco, Sumitomo award USD1.8b contract to GS
26 Jun 2012
(MENAFN) South Korean constructor GS Engineering & Construction secured a USD1.78 billion contract from Saudi Aramco and Japan’s Sumitomo Chemical, Reuters reported.
The contract comprises expansion works for Petro Rabigh complex, Saudi Aramco and Sumitomo said in a statement.
Under Rabigh II, an existing ethane cracker will be expanded and a new aromatics complex will be built using around 3 mln tpa of naphtha to make higher-value petrochemical products, the statement explained.
It is worth mentioning that GS focuses on architecture, civil engineering, housing, plant and power and environment segments. It is also involved in hotels business through its subsidiary, Parnas Hotel.
More News
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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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