Hyundai Heavy inks MOU for marine engine plant in Saudi Arabia
Jul 5, 2017
Hyundai Heavy Industries, a major shipyard here, said Wednesday that it has signed a memorandum of understanding with Saudi Aramco and others to build a plant in Saudi Arabia that will make engines used for ships and power generation.The Hyundai Heavy-Aramco consortium will spend US$400 million to set up an engine plant in Ras Al-Khair, eastern Saudi Arabia, by 2019, the company said. This photo, provided by Hyundai Heavy Industries, shows its own developed HiMSEN engine. (Yonhap)Hyundai Heavy e