Hyundai wins $696 million UAE order

SEOUL — Hyundai Construction & Engineering Co. said yesterday it had won a $696 million power generator order from the UAE and raised its order target for 2005 by a quarter to $2.5 billion.

By Reuters

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Published: Tue 31 May 2005, 10:28 AM

Last updated: Thu 2 Apr 2015, 5:12 PM

Hyundai said it was likely to win at least $2.5 billion in orders this year, almost triple the $930 million it won last year, as it focuses on oil, gas and power generation projects in the Middle East.

Hyundai said it had won $1.1 billion orders so far this year from Kuwait and UAE.


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