South Korea's Hanwha to build $1bn Yanbu complex in Saudi

South Korea's Hanwha Engineering & Construction has signed a $1.05bn deal to build a power and desalination complex in Saudi Arabia.
 
The builder said it is to establish the oil fired plant at Yanbu industrial complex, the biggest of its kind in Saudi Arabia and located on the western side of the country, by 2014 under the deal with Marafiq, a Saudi Arabian power and water utility company.
 
Facilities to be built at the site include three 230 MW steam turbine power generators, three 830 ton boilers and one for desalination.
 

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