Saipem, Hyundai win Qafco expansion deal
Doha, October 11, 2009
A consortium of Italy's Saipem and South Korea's Hyundai Engineering and Construction have won a contract to build a new fertiliser plant in Qatar, an Industries Qatar unit said on Sunday.
The Qafco-6 project costs are estimated at $610 million, Qatar Fertiliser Company said in a statement on the bourse website.
"The contract covers the supply of licences, engineering, procurement, construction and start-up of a complete granulated urea production plant with a capacity of 3,850 tonnes per day and associated utilities and off-site units at the Qafco Complex in Mesaieed Industrial City," it said.
The project is due to be completed in 35 months. - Reuters