South Korea"s Hyundai Engineering and Construction said it had clinched a $202.6 million order from Dubai Ports World.
The deal calls for the builder to construct nine buildings for a new terminal and create a site for further expansion by reclaiming land from the sea at Jebel Ali Port, the company said.
Located about 35 km southwest of Dubai, it is the largest port in the Middle East.
The order is the first stage of Dubai"s 14-phase plan to increase the port"s annual handling capacity to over 50 million TEUs by 2030 from the current 10 million TEUs with a $14 billion cost.
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