HD Hyundai Electric Co., the electrical equipment and energy solution company under South Korea’s shipbuilding giant HD Hyundai Co., has won a 94.3 billion won ($72.3 million) deal to supply power equipment for Saudi Arabia's new city development project near the Diriyah archaeological site.  The company announced on Friday that it signed a supply contract with Saudi Arabia's engineering, procurement, and construction (EPC) firm for transformers, high-voltage circuit breakers, reactors, and more.

The deal is the largest amount that HD Hyundai Electric has received in orders from Saudi Arabia. The power equipment procured in this deal will be supplied to a substation in a new city development project near the Diriyah archaeological site.

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