2020 CW Power 100: Hyundai's Dong-Wook Park ranked 81
The company was picked by Saudi Aramco for work on its Marjan Development Programme in 2019
Dong-Wook Park, president and chief executive officer of Korean Stock Exchange-listed Hyundai Engineering and Construction (E&C) made his debut in the Construction Week Power 100 list in 2019. In the 2020 ranking, he is ranked at 81.
The South Korean contractor completed construction work worth approximately $2.6bn (KWD790m) on the 48.5km long Kuwait Sheikh Jaber Causeway in the past 12 months. The causeway was built using latest civil engineering and environmentally-friendly technologies; it will serve as the new development “gate” for Kuwait, linking Kuwait City with the under-construction Silk City.
In addition, the company was picked by Saudi Arabian oil giant Saudi Aramco for work on its Marjan Development Programme in 2019, alongside American contractor McDermott and Italy’s Saipem as well as India’s Larsen & Toubro and China’s Sinopec.
The contract handover to Hyundai Engineering & Construction was part of 34 additional contracts, all of which were valued at $18bn (SAR67.5bn) for Saudi Aramco’s Marjan and Berri oil field increment programmes.
Hyundai Engineering & Construction’s contract for Packages 6 and 12 of the programme were valued at $2.7bn (SAR10.1bn).
Go over the entire 2020 Construction Week Power 100 ranking, featuring industry leaders from the Middle East.