The intensifying military conflict between Israel and Iran has unnerved Korean construction firms, which had been seeking large-scale projects in the Middle East to overcome a recent slump in the domestic housing market, according to industry officials, Friday.
Samsung E&A Co. and GS Engineering & Construction Corp. have won a combined $7.2 billion deal to expand a gas plant in Saudi Arabia, the biggest order for South Korean companies in the Middle Eastern country, the presidential office said Wednesday. The Fadhili Gas Increment Program is a project run by Saudi Arabia's state oil giant, Saudi Aramco, to expand the capacity of an existing gas plant in an oilf.
Samsung E&A and GS Engineering & Construction (GS E&C) have won a combined $7.2 billion deal to expand a gas plant in Saudi Arabia, the biggest order for Korean companies in the Middle Eastern country, the presidential office said Wednesday.
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