
A subsidiary of Yongnam Holdings has clinched a $ 168 million contract to provide structural steelwork for the Marina One development.
Yongnam Engineering and Construction was awarded the subcontract by the main contractor, a joint venture between Hyundai Engineering and Construction and GS Engineering and Construction Corporation.
The contract brings Yongnam’s order book to $ 397 million and is forecast to boost the group’s financials for this year.
Work on the contract is expected to be completed by early 2016.
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