HYUNDAI Engineering & Construction has won a construction order worth $1.13 billion for the construction of Bubiyan Port from Kuwait’s Ministry of Public Works.

Hyundai, which along with local firm Kharafi will execute the contract, said the order was part of a larger project that could draw additional investments worth $20.4 billion. The commercial port on Bubiyan Island is expected to be operating with an initial four berths in 2015, the Ministry of Public Works said. The contract with the South Korean and the Kuwaiti companies includes dredging works, designing 16 berths and building four of them. The project is envisaged to eventually have 60 berths.