Samsung E&A to Secure Projects Exceeding 11 Trillion Won in Saudi Arabia and Mexico
Samsung E&A is poised to secure overseas projects exceeding 11 trillion won, with key contracts in Saudi Arabia and Mexico on the horizon. The company is a leading contender for the $3.5 billion SAN-6 Blue Ammonia Project and is nearing completion of a $2 billion green methanol plant in Mexico. Additionally, negotiations are underway for a $2.5 billion petrochemical project in the Middle East, contributing to a potential record in overseas orders this year.
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Samsung E&A is set to secure major overseas projects, with three contracts anticipated to exceed 11 trillion won. The competitive bidding results for Saudi Arabia's SAN-6 Blue Ammonia Project, worth approximately $3.5 billion, are expected this month.
Samsung E&A is a leading candidate against competitors due to its technological advantages. Additionally, the company has nearly secured a $2 billion green methanol plant project in Mexico through a consortium with Techint E&C, with only contract signing pending.
A $2.5 billion petrochemical project in the Middle East is also under negotiation, likely to be confirmed soon. If successful, these projects would surpass Samsung E&A's previous revenue record of 10.625 trillion won. The company is also pursuing contracts for a $3 billion sustainable aviation fuel project in the US and other significant projects in Qatar and Saudi Arabia, potentially exceeding 14.4 trillion won in overseas orders this year.
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