HD Hyundai Electric Co., South Korea announced in a statement that it has has awarded a 94.3 billion won ($72.3 million) deal to supply Electrical equipment for Saudi Arabia’s new city development project near the Diriyah archaeological site.
The company announced that it signed a supply contract with Saudi Arabia’s engineering, procurement, and construction (EPC) firm for transformers, high-voltage circuit breakers, reactors, and more.
The deal is the largest amount that HD Hyundai Electric has received in orders from Saudi Arabia.
The power equipment procured in this deal will be supplied to a substation in a new city development project near the Diriyah archaeological site.
Read Also: HD Hyundai Electric awarded $50.8m Electrical Equipment Supply Contract for NEOM
