Newsroom
| Daewoo E&C wins $693million order in Iraq | |||||||||
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| Hit. | 3648 | Date. | 11-26-2013 | File. | - | ||||
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Daewoo Engineering & Construction said Tuesday it has won a $693 million order to build a breakwater in southern Iraq. Under a deal with the General Company for Ports of Iraq, Daewoo E&C will complete the 15.8-kilometer-long western breakwater for Al Faw Grand Port in Basra by 2016. The latest deal came three months after the Korean builder won a $709 million order to build natural gas processing facilities in Iraq’s Akkas gas field. Shares of Daewoo E&C closed up 1.33% to 8,380 won on the Seoul bourse. |
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