Samsung Bids to Work on Aramco, Dow Chemical Plant in Jubail

Samsung Engineering Co. is bidding to participate in the construction of a new chemicals plant planned by Saudi Aramco and Dow Chemical Co. (DOW) in Jubail on the Persian Gulf Coast, a company official said.

“We are still looking for more contracts from Saudi Aramco,” Samsung Engineering Chief Marketing Officer Kong Hong- Pyo said today in an interview in Jubail. Saudi Aramco and Dow Chemical said last year they would complete the design of the plant by mid-2011.

Samsung has won several contracts from Saudi Aramco over the past two years. It is one of the contractors on a planned Saudi Aramco refinery project in Jubail with Total SA. Samsung Engineering has around $6 billion of ongoing projects in the United Arab Emirates, he said.

Samsung is also bidding for tenders in a petrochemical plant Saudi Aramco is planning to construct with Sumitomo Chemical Co. in Rabigh on the west coast of Saudi Arabia,

The Korean company is also bidding for projects for Saudi Basic Industries Corp., the world’s largest petrochemical maker known as Sabic, he said.

In Qatar, Samsung is bidding for one project for Qatar Petroleum, according to Kong. “As you can see most of our projects are in the Arabian Gulf region so it will be our main focus for the near future,” Kong said.

To contact the reporter on this story: Wael Mahdi in London at wmahdi@bloomberg.net

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