Most Popular

1
IMF lowers Korea's 2025 growth outlook to 2%
2
Labor Ministry dismisses Hanni harassment case
3
Reality show 'I Live Alone' disciplined for 'glorifying' alcohol consumption
4
North Korean troops fighting alongside Russia, NIS confirms
5
Now is no time to add pressure on businesses: top executives

6
CJ CheilJedang to spur overseas growth with new Hungary, US plants
7
Japan to hold 1st memorial for Korean forced labor victims at Sado mine
8
[Herald Interview] How Gopizza got big in India
9
[KH Explains] Dissecting Hyundai Motor's lobbying in US
10
Nearly half of pines at Seoraksan face extinction due to global warming: study

NewsletterSubscribe

Start your day with a roundup of key stories from The Korea Herald with news and comment on all that’s happening in Korea.

Hyundai Heavy signs MOU with Saudi Electricity

By 박윤아

Published : Oct. 4, 2016 - 14:09

- Link copied

[THE INVESTOR] Hyundai Heavy Industries said on Oct. 4 that it has signed a memorandum of understanding with Saudi Electricity to strengthen its partnership in the Middle Eastern country’s electricity market.

Saudi Arabia is seeking to spend a total of US$89.3 billion by 2021 to expand its electricity output to 105 GW from the current 65 GW in order to meet growing electricity demand.

HHI has been providing power transformers and gas-insulated switchgears to Saudi Arabia. Last year, the shipbuilder clinched deals valued at 400 billion won (US$362.44 million) to provide such products.

(theinvestor@heraldcorp.com)

Hyundai Heavy signs MOU with Saudi Electricity

More from Headlines