South Korean firms get Middle East plant orders

Doosan Heavy Industries & Construction will build power plant in Saudi Arabia by 2013 worth $1.1 billion. Early September, Doosan entered into a separate $249 million Saudi deal to provide boilers and steam turbines for a thermo electric power plant in the Yanbu Industrial Comple, to be built by 2012. Shipbuilder Hyundai Heavy Industries teamed up with General Electric Energy earlier to sign a $2.7 billion deal with the Kuwaiti government to build a new natural gas-fired power plant that will go into operation in 2011. Also in September, South Korea's STX Heavy Industries won a $200 million steel mill project in Saudi Arabia. STX Heavy and Saudi Arabia's South Steel Company signed a deal to complete the factory by 2011.Firefly