Middle East Economic Survey
VOL. LIII
No 41
11-Oct-2010
LIBYA
Hyundai Secures Libya Power Plant Deal
South Koreas Hyundai Engineering and Construction has reportedly finalized a $1.36bn deal to build a power plant in Libya following the restoration of ties between the two countries. Hyundai won the contract in June but had not yet received a letter of credit necessary to commence construction when diplomatic relations broke down. Construction is now expected to begin in November, after...
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