Saudi Arabia has awarded South Korean’s Hyundai Engineering and Construction (HEC) a US$147mn deal to establish electricity power lines to link Saudi Arabia with Kuwait and Qatar.

Saudi Arabia is developing its power output capacity to improve transportation of electricity in such a way that guarantees the continuous energy flow and its distribution throughout the GCC countries.

HEC has been expanding in the past few years in the Middle East by developing electricity power lines. Its latest project in this sector was executed in Yemen where HEC signed a deal in June 2005 to expand the country’s electricity network at an estimated cost of US$59mn.

HEC also signed an agreement in September to receive US$325mn in trade financing from Arab Bank for its US$696mn engineering, procurement and construction (EPC) contract for Dubai’s Jebel Ali power and desalination station.