 A combined cycle power plant built by Doosan Heavy in Jordan. |
Doosan Infracore's sister company, Doosan Heavy Industries and Construction, was one of the highest performing South Korean companies in 2006.
South Korea's ministry of construction and transportation has released statistics that show Doosan Heavy ranked first among South Korean companies in overseas sales, a Doosan statement says.
Doosan Heavy won 10 overseas projects in 2006 worth USD560 million. These include the Jebel Ali "M" project worth USD1.14 billion over several years.
In March 2006, Doosan Heavy accepted the Dubai Electricity and Water Authority (DEWA)'s tender to construct the Jebel Ali "M" Combined Cycle Power Plant. Doosan Heavy will be in charge of engineering, procurement and construction for the 1,330MW power plant that will supply electricity to the whole of Dubai. It is targeted to be completed by March 2010.
According to the statement, the ministry said revenue from overseas construction projects increased from USD10.9 billion in 2005 to USD16.5 billion in 2006.
High oil prices pushed revenues up to USD39.8 billion at the end of last year - USD22.8 billion from the Middle East, USD12.9 billion from Asia, USD1.7 billion from Africa and USD1.4 billion from Europe.