Samsung consortium wins $3 billion Saudi deal
Samsung said the consortium, involving China’s Shanghai Electric and Saudi’s Al Toukhi, would build the 3,100 megawatt facility in the Red Sea port of Yanbu – home to a major industrial complex.
Samsung is set to receive $1.5 billion of the total order value, the company said.
Another South Korean builder, Doosan Heavy Industries and Construction, said recently it had won a $1.0 billion deal to build a separate desalination plant in Yanbu by 2016.
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