SEOUL: Daewoo Engineering & Construction Co. Ltd. said on Tuesday it won a 564.4 billion won ($521.49 million, SR1.95 billion) order from Japan's JGC Corp. to build naphtha treatment and other facilities for a refinery in Jazan, Saudi Arabia.
JGC Corp., which won a larger order from oil giant Saudi Aramco in November 2012, entered into a joint venture agreement with Daewoo, the South Korean builder said in a regulatory filing. The contract is expected to expire by February 2017, Daewoo said.
Daewoo E&C wins SR1.95bn KSA order
