SGC Engineering & Construction (E&C), South Korea, a specialist in design, procurement and construction (EPC), announces that it has signed a contract for a petrochemical facility project in Saudi Arabia.
The value of the contract is 260 billion won ($189 million).
The project involves the construction of an ethylene-vinyl acetate (EVA) production facility and will be located in the Jubail Industrial City of Saudi Arabia.
The Project was awarded by Saudi International Petrochemical Company (Sipchem). Since starting operations in Saudi Arabia in 2010, SGC E&C has collaborated with Sipchem on four projects.
This year, SGC E&C’s new orders in Saudi Arabia amount to 1.2 trillion won ($870 million), statement mentioned.
