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114 Daewoo E&C wins US$3,406mn order from Kuwait (Feb 2014) 2014-04-14
1. Project Name: Clean Fuels Project
2. Introduction: MAB EPC Package 2 (New 16, Revamp 13, Building 15)
3. Contract Sum: US$3,406mn (Daewoo E&C’s portion around US$1,134mn)
4. Duration: 45 months from the start
5. Implication:
- Awarded via consortium effort of domestic (Hyundai Heavy) + foreign (Fluor) players
- Requires high-end technology compared to other packages won by other consortiums
- Paved inroad into winning additional orders from Kuwait
Daewoo E&C wins US$356mn order from Singapore (Apr 2014)
Daewoo E&C signs LOA from Venezuela (Sep 2013)