Hyundai E&C seems highly likely to win the Amiral project in Saudi Arabia. According to MEED, a Middle Eastern construction media, finalized details of four packages of Amiral petrochemical production facilities and finalized with respective EPC (engineering, procurement, and construction) companies It is said that negotiations have been made and only signatures remain.
Package 1 (Hyundai E&C, $1.4 billion), Package 2 (Italy Technimont, $1.9 billion), Package 3 (Italy Technimont, $800 million), Package 4 (Hyundai E&C, $6 billion), etc.
Hyundai E&C seems to have secured orders worth $2 billion (2.6 trillion won) from packages 1 and 4, filling nearly half of its 2023 overseas order target (5.7 trillion won) on a separate basis.
