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Samsung C&T Corp Amends Cleveland Clinic Construction Contract


Thursday, 4 Jul 2013 05:10am EDT 

Samsung C&T Corp announced that Completion Date of Construction Work July 4, 2013. The Construction Period is for 40 months (March 2010 - July 2013). Sixco/Samsung Joint Venture is under negotiation with ALDAR Properties PJSC regarding additional extension of construction period. Further announcement will be made with respect to this issue, when it is confirmed. Total Contract Amount (KRW) is 1,544,832,900,000. Portion of Samsung C&T Corporation (KRW) is 617,933,160,000. Contracting Parties are: Owner: Mubadala Development Company PJSC, Employer: ALDAR Properties PJSC, Contractor: Sixco/Samsung Joint Venture (Joint Venture between Samsung C&T Corporation in Korea and Six Construct in U.A.E.). Shares of Joint Venture is Samsung C&T Corporation (40%), Six Construct (60%). The Contract Date is June 28, 2010. 

Company Quote

61200.0
-500.0 -0.81%
26 Dec 2014