Tuesday, May 22, 2007

South Korea Builders, After Years in Desert, Win Record Middle East Orders

(Bloomberg) -- Years of working in the desert are
paying off for South Korean building contractors as they reap
record orders from the Middle East.

Hyundai Engineering & Construction Co., South Korea's
largest general contractor, and its domestic rivals have won
more than $6.6 billion in new business from the Mideast so far
this year. That's more than double the total at the same point
last year and halfway to matching a record set in 1981,
according to the International Contractors Association of Korea.


Read more at Bloomberg Exclusive News

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