Middle East Economic Survey

VOL. LIV

No 52

26-Dec-2011

QATAR

Qatar Awards $233Mn Power Deal To South Koreas Hyosung

South Korean industrial conglomerate Hyosung Corporation announced on 18 December a deal secured by an unlisted affiliate, Hyosung Power and Industrial Systems Group, to construct eight electricity substations in Qatar by the start of 2014. The contract was signed in November this year, and is hoped to be completed by January 2014, a company spokesman told MEES. Under the terms...