AVIATION & TRANSPORT

South Korea’s Samsung C&T wins $2bn Riyadh Metro order in KSA

Samsung C&T Corp won a $1.97bn order to build part of the Riyadh Metro project. (File photo: AFP)

Samsung C&T Corp said on Tuesday it had won a 2.19 trillion riyals ($1.97 billion) order to build part of the Riyadh Metro project in Saudi Arabia.

The South Korean builder said in a regulatory filing it had won the order as part of a consortium of unidentified partners, of which Samsung C&T’s portion amounts to $1.97 billion.

The contract period will last 60 months, Samsung C&T said.

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Last Update: Tuesday, 30 July 2013 KSA 15:06 - GMT 12:06
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