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[Breaking] Samsung E&A Wins 380.8 Billion Won Middle East Water Treatment Project... Total Scale of $790 Million

Samsung E&A has won a contract worth 380.8 billion won on a headquarters contract basis for a water treatment project in the Middle East. The total project scal

Oseong Kwon
Staff Reporter
3 min read
[Breaking] Samsung E&A Wins 380.8 Billion Won Middle East Water Treatment Project... Total Scale of $790 Million
CBC News

Samsung E&A has won a contract worth 380.8 billion won on a headquarters contract basis for a water treatment project in the Middle East. The total project scale, including contracts secured by overseas subsidiaries, amounts to approximately 790 million dollars.

The company announced through a regulatory filing on July 1 that it had signed a single sales and supply agreement (construction contract). The headquarters contract amount is 380,838,972,851 won, equivalent to 4.22% of the most recent consolidated revenue (9,028,769,083,650 won) as of the end of 2025. This amount corresponds to 247,057,394 USD converted at the initial exchange rate of 1,541.50 won per dollar as of June 30, 2026. The contract (award) date is June 30, 2026.

The company explained that the current filing covers the headquarters contract portion, adding that when including approximately 540 million dollars from overseas subsidiary contracts, the total water treatment project scale reaches approximately 790 million dollars. The contract region is the Middle East, and the agreement is conditional on the payment of contract deposits and advance payments.

However, at the client's request for confidentiality, details including the contract name, counterparty, contract period, and key contract terms will be withheld from disclosure until September 30, 2026. The company also noted that the contract period and amount may be subject to change during the course of project execution.

Oseong Kwon
Staff Reporter

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