SGC E&C wins $366 mn chemical plant project in Saudi Arabia

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SGC Engineering & Construction (E&C), a company specializing in engineering, procurement and construction (EPC), said on Wednesday that it signed a chemical plant project contract with Saudi International Petrochemical Company (Sipchem) worth a total of 490 billion won ($366 million).

The company had secured contracts in Saudi Arabia for an ethylene-propylene facility worth 690 billion won and an isopropyl alcohol facility worth 250 billion won, achieving over 1.4 trillion won in new orders in Saudi Arabia this year alone.

The company has expanded its overseas portfolio by winning a chemical plant construction project in Malaysia worth 332.3 billion won.

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Article Details

Category: Economy

Markets: South KoreaMalaysiaSaudi Arabia

Topics: Plant Company Chemical Saudi Construction Facility Engineering Billion Worth Project Contract

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-28 @ 15:40:21 (5 days ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 174 words

Reading Time: 1 minutes read

Sentences: 13 lines

Sentence Length: 14 words per sentence (average)

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Copyright Owner: © Korea Economic Daily

News ID: 22289369

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