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Japan, S. Korea firms win $8 bln Kuwait projects

Sun May 11, 2008 12:44pm EDT
 
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KUWAIT, May 11 (Reuters) - Kuwait awarded refinery projects worth a total $8 billion to Japanese and South Korean firms, with Japan's JGC Corp (1963.T: Quote, Profile, Research, Stock Buzz) and GS Engineering (006360.KS: Quote, Profile, Research, Stock Buzz) of Korea winning a $4 billion package, state news agency KUNA reported.

It awarded a $2 billion project to SK Engineering (096770.KS: Quote, Profile, Research, Stock Buzz) of South Korea, while the country's Daelim (000210.KS: Quote, Profile, Research, Stock Buzz) won a $1.2 billion project, KUNA said.

Hyundai Engineering (000720.KS: Quote, Profile, Research, Stock Buzz) of South Korea won a $1.1 billion project, the agency said.

Another project was won by U.S. firm Fluor (FLR.N: Quote, Profile, Research, Stock Buzz), KUNA said without giving its value.

(Reporting by Ulf Laessing; writing by Firouz Sedarat)

 

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