Hyundai Livart Wins 55.4 Billion KRW Qatar Temporary Construction Contract

Utilizing Saudi Arabia and Iraq Temporary Construction Expertise
New Orders This Year Surpass 155 Billion KRW

Hyundai Livart's ongoing temporary construction site for Majan (MIP) in Saudi Arabia.
[Photo by Hyundai Livart]

[Asia Economy Reporter Kim Jong-hwa] Hyundai Livart has succeeded in securing a large-scale overseas temporary construction project. This is the second achievement following the contract for a temporary construction project at an Iraqi oil refinery in April this year.

Hyundai Livart, a total interior company affiliated with Hyundai Department Store Group, announced on the 9th that it signed a contract worth a total of 55.4 billion KRW for a local temporary construction project in Qatar with Samsung C&T Construction Division. Temporary construction refers to the construction of facilities such as accommodations, offices, and temporary roads necessary for large-scale main construction projects like architecture or civil engineering.

Through this temporary construction contract, Hyundai Livart plans to build a total of 929 foundational facilities including worker accommodations and offices at the Qatar LNG export terminal expansion project (QNFE-2) site by June 30 next year.

Prior to this, Hyundai Livart secured a temporary construction project for the modernization facilities of the Basra oil refinery in Iraq, worth about 100 billion KRW, which is scheduled to proceed until 2022, from Hyundai Engineering & Construction in April.

It is very rare for a domestic company to take charge of local temporary construction overseas. Typically, temporary construction for large-scale overseas construction projects contracted by domestic construction companies has mostly been handled by local construction companies in the Middle East or Turkey. This is because there are few domestic companies specializing in overseas temporary construction that possess both quality and price competitiveness.

The overseas infrastructure team of Hyundai Livart will be responsible for the contracted temporary construction. The overseas infrastructure team originated from 'Hyundai H&S,' a building materials distribution company that was merged into Hyundai Livart in December 2017.

A Hyundai Livart official said, "Including this Qatar temporary construction, the scale of new overseas construction project orders secured so far this year amounts to about 155 billion KRW," adding, "The secret to winning the new temporary construction project through competitive bidding against local Middle Eastern construction companies lies in the construction project execution capabilities accumulated over many years through the domestic built-in furniture business."

This content was produced with the assistance of AI translation services.