SEOUL — South Korea's GS Engineering and Construction said Tuesday it has won a $1.8-billion deal to build four petrochemical plants and other facilities in Saudi Arabia. The company said it would build the plants by 2015 under a deal with Saudi state oil giant Aramco and Japan's Sumitomo Chemical. The order — the biggest the Korean firm has won overseas this year — is part of a $3.2 billion project for a petrochemical complex in Rabigh, north of Jeddah. Aramco and Sumitomo took longer than expected to pick contractors for the $7 billion Rabigh II petrochemical expansion project. The bidders include Britain's Petrofac, GS Engineering and Construction, Italy's Saipem and Japan's JGC, sources said. Under Rabigh II, an existing ethane cracker will be expanded and a new aromatics complex will be built. — Agencies
