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South Korean construction firm Daelim Industrial said Thursday it has won a 1.66-billion-dollar deal to help build an oil refinery in Saudi Arabia.

Under the contract with state-owned Saudi Aramco, Daelim will build two plants at the Yanbu industrial complex, 300 kilometers (187 miles) north of Jeddah.

The project is aimed at completing a refinery with a daily processing capacity of 400,000 barrels by May 2014.

Daelim is also involved in six other engineering projects worth more than five billion dollars in the Middle East alone.

Story from AFP
AFP 07/29/2010

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