Power and engineering company MMC Corp Bhd has announced it has won a $30 billion (RM109.5 billion) deal to build Saudi Arabia's fourth economic region, the Jizan Economic City (JEC).Business Times reports that MMC, along with the Saudi Binladin Group, will build, among other things, a port, an aluminium smelter, a steel-processing plant, an oil refinery, a copper-processing plant and areas to accommodate fishery and agro-based activities.
Chairman Datuk Wira Syed Abdul Jabbar Shahabudin said in a statement, "The invitation by the Saudi Government to develop this landmark project underscores MMC's position as an emerging global utilities and infrastructure group and affirms our ability to deliver world-class projects".
