Middle East Economic Survey

VOL. LII

No 29

20-Jul-2009

ALGERIA

Samsungs Skikda Rehabilitation Contract Worth $2.6Bn

The EPC contract to modernize and expand the 300,000 Skikda refinery, which was awarded to Samsung Engineering in May, is worth $2.6bn, or more than twice the original cost estimate, the South Korean firm said in a statement after the signing ceremony on 4 July. Samsungs winning bid, announced in Algiers on 11 May, which saw off competition from Hyundai Engineering, Technica Réunidas...