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Hyundai Saudi petrochem deal

  • Saudi Arabia: Sunday, December 23 - 2007 at 09:22

South Korea's Hyundai Engineering Company has secured a deal to construct a petrochemical plant in Saudi Arabia, reported Reuters. The deal is worth about $210m and Hyundai will undertake the work alongside another South Korean firm, the Hanwha Engineering and Construction Corporation. The facility will produce ethyleneamines when it is completed; no timeframe was provided.

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