GS Engineering to build port facilities in UAE for $520 million

SEOUL, Nov. 23 (Yonhap) -- GS Engineering & Construction Co., a South Korean
builder, said Monday it has clinched a US$520 million order to construct port
facilities in the United Arab Emirates (UAE).

The port, which is to be built in Ruwais, about 250 kilometers west of Abu Dhabi,
will be used for shipments of crude oil and oil products.
GS sealed the deal with Takreer, also known as Abu Dhabi Oil Refining Co.,
shortly after winning a record $3.1 billion contract to build oil refinery
facilities in the same area. Both orders form part of a project to expand such
facilities in the industrial town.
Construction of the facilities is scheduled to be completed by February 2014.
ecuedy@yna.co.kr
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