Hyundai signs a deal of about two billion dollars with Iraq
Hyundai signs a deal of about two billion dollars with Iraq
10/30/2020 12:05:46
{International: Al Furat News} Hyundai Engineering and Construction Company, the main construction company in South Korea, announced today, Friday, that it concluded a deal worth $ 1.99 billion to build a waste recycling facility in Basra Governorate.
The South Korean construction company said it had signed the contract with the state-run Basra Oil Company to build the facility.
The waste upgrade facility produces high-value chemical products, such as propylene and gasoline, using residues left over after refining the crude oil.
Hyundai Engineering and Construction said it would start building the facility in January to complete it by July 2025.
It indicated that the deal represented 11.7% of the company’s revenue last year.
alforatnews.com
