Hyundai Engineering & Construction Co Ltd said on Thursday that it has won a 616.3 billion won ($534.1m) order to build a hospital in Qatar.
The country's largest builder said in a filing to the Korea Exchange that the construction period was 34 months, according to a newswire Reuters report on Thursday.
Hyundai is one of the many Korean firms that have entered into business deals in the Middle East.
Korea Investment Corp will invest $50m in an infrastructure fund run by Mubadala Development Co, the investment arm of the Abu Dhabi government, South Korea’s sovereign wealth fund said.
Saudi International Petrochemical Co (Sipchem) said on Wednesday its affiliate awarded South Korea's GS Engineering and Construction a contract to build a petrochemicals plant as part Sipchem's third expansion phase.
Qatar's vibrant natural gas sector will propel the country to a 20 percent growth rate next year, the International Monetary Fund said earlier this week.
Despite this runaway expansion, inflation will remain subdued at three percent, the fund said.
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