Middle East Economic Survey

VOL. XLVIII

No 35

29-August-2005

KUWAIT

Hyundai Confirmed As Winner Of Mina al-Ahmadi Expansion Contract

South Koreas Hyundai has been formally notified of its success in winning the much delayed contract to expand the export facilities at Mina al-Ahmadi, Kuwait Oil Company Chairman Faruq al-Zanki said in comments published by al-Rai al-Am on 25 August. Hyundai was the lowest bidder, at KD361mn ($1.24bn), when tenders were opened in June (MEES, 25 July). The contract is...