Samsung Engineering will perform engineering, procurement and construction on a lump sum turn-key basis for package number 3, which will be located in Ruwais, 250 kilometers away from the capital of the UAE.
Samsung Engineering’s President and Chief Executive Officer, Yeon-Joo Jung stated, “We have accumulated outstanding business performance in the world market, allowing us to expand our markets and client base.” “This strong partnership with the UAE will allow us to forge future projects with the nation, which ranks as the 5th largest oil and gas reserves in the world,” he also remarked.
The investment for the RRE project exceeds $10 billion, and is to be executed mainly by Korean contractors.
