Samsung Engineering & Asset Management secured a 300 billion won ($214 million) contract to build an ethylene storage plant in Qatar’s Ras Laffan Industrial City, partnering with Taiwan’s CTCI. The project, scheduled for completion in 34 months, represents roughly half of the total 588.2 billion won development value.
The contract, awarded by Ras Laffan Petrochemicals – a joint venture between state-owned Qatar Energy and Chevron Phillips Chemical – calls for constructing key infrastructure including a 30,000-ton storage tank, compressors and pumps at the industrial complex 80 kilometers north of Doha.
Samsung E&A’s selection follows its previous work on the Qatar RLP Ethylene Project. Company officials said the repeat business validates their execution capabilities in the region, though the firm faces growing competition from other Asian contractors expanding their Middle East presence.
The deal marks another step in Samsung E&A’s push to strengthen its position in Qatar’s petrochemical sector, where state backing for major infrastructure projects continues despite volatile energy prices. The company aims to leverage this contract to secure additional work in the country’s ongoing industrial expansion.
