Hanwha Ocean and Hyundai are competing for major naval contracts in Saudi Arabia, showcasing their integrated defense portfolio.

The entities involved

• Hanwha Ocean →

  shipbuilder of South Korea

  • An MOU was signed regarding a proposed LNG project in British Columbia, involving Hanwha Ocean, Kanata Clean Power, and Prince Rupert Port Authority.Mon 07:49
  • Hanwha Ocean and HD Hyundai Heavy Industries face labor disputes in the shipbuilding sector.Mon 07:27
• Hyundai →

  multinational conglomerate headquartered in Seoul

  • DNV approved a new LNG carrier design by Hyundai, which is capable of transiting both the Suez and Panama canals.Mon 15:31
  • Hyundai Card is utilizing funds for Hyundai Motor Group businesses.Mon 11:42
• Riyadh →

  capital and largest city of Saudi Arabia

  • The Ministry of Culture is overseeing cultural initiatives and development, involving Riyadh University of the Arts in the context of Saudi Arabia's cultural journey.Mon 01:06
  • Riyadh is the setting for the cultural shift underway in the city.Mon 01:06

Related events

• Riyadh hosts a major international trade show focused on design and fit-out.Sep 15
• Saudi Arabia is strategically transforming its economic relations, leveraging partnerships to support economic diversification efforts in line with Vision 2030, including coordination in oil markets.Jun 18
• The Royal Saudi Navy hosts an international maritime forum in Riyadh.Sep 14