Orders for Overseas Plants Hit Record High in 2010

Korean builders won a record amount of contracts to build plants overseas last year. The Ministry of Knowledge Economy said Tuesday that overseas deals signed in 2010 reached an all-time high of US$64.48 billion, up 39 percent from a year earlier.

UAE placed the largest order of $24.35 billion to build nuclear power plants, followed by Saudi Arabia ($9.41 billion), Australia ($2.88 billion) and Kuwait ($2.60 billion).

Korea Electric Power Corp. was the top winner, clinching deals for nuclear power plants worth $18.6 billion. Next was Doosan Heavy Industries and Construction ($7.81 billion), GS Engineering and Construction ($4.76 billion), Hyundai Heavy Industries ($4.56 billion), and Hyundai Engineering and Construction ($4.28 billion).