The Jafurah gas field is Saudi Arabia's largest field, which contains about 200 trillion standard cubic feet of natural gas.
The $2.4 billion contract to build the Jafura 2 plant was signed during a ceremony marking the 50th anniversary of construction cooperation between South Korea and Saudi Arabia. It was attended by South Korean President Yoon Suk-yeol, who is currently on a four-day visit to Saudi Arabia.
The ceremony also saw the signing of a memorandum of understanding between South Korea's Samsung C&T and the Saudi Arabian Public Investment Fund on the creation of a joint venture for modular construction, as well as the signing of a memorandum of understanding between South Korean mobile operator KT Corporation, Hyundai Engineering & Construction and Saudi Telecom on the creation of data centers and other digital infrastructure.