Hyundai wins $128m Saudi deal to build substation
The project is part of an effort to build Saudi's electricity by 2019
Leading South Korean industrial plant builder Hyundai Engineering and Construction Company has won a $128m deal to build a power substation in Saudi Arabia.
Under the deal with the Saudi Electric Company, Hyundai will build a new 380kV substation and refurbish an existing facility near the port city of Jeddah.
The builder will be responsible for the design, construction and pilot run of the facility.
The project is part of a larger effort by Saudi Arabia to build up its electricity production capability by 2019 with $80bn earmarked for the plan.
Hyundai is also working on eight building projects in Saudi Arabia worth $2.5bn.