S. Korea firms win $2.5 bln order from Saudi

SEOUL:  Two South Korean builders said Sunday they have secured a combined $2.5 billion order from a Saudi state oil company to build a major gas plant in the kingdom.

SK Engineering and Construction won a $1.9 billion order while Samsung Engineering secured a $600 million contract for the plant, north of Jubail, which will be capable of handling 70 million cubic meters of gas per day.

The plant will be the biggest of its kind in Saudi Arabia when it is completed in 2014, the companies said.