MMG to build $52m engine oil plant in Abu Dhabi
KSA's MMG wins contract for Hyundai's new engine oil project
Saudi Arabian construction company Mohammad Al-Mojil Group (MMG) has been awarded a SAR197 million ($52 million) contract to build an engine oil factory for Hyundai Engineering and Construction in Abu Dhabi.
The contract will be the first for MMG in the UAE and the company will provide site preparation and civil works and buildings for the site.
Work scheduled to begin in February, MMG told the Saudi Bourse in a statement, with construction expected to last until December 2012.
The company added: “The contract reflects the confidence of clients and the role of the company in the industrial sector and construction.”