A consortium led by Samsung C&T Corp., the construction and trading arm of Korea's Samsung Group, has been selected as a preferred bidder for a $750 million project to build a large hospital in Turkey, a Samsung official said Wednesday.
The order placed by Turkey's government calls for the construction of a 540,000-square-meter hospital in the southeastern Turkish city of Gaziantep, according to the official.
The South Korean builder is expected to win a portion worth $180 million out of the $750 million, the official said.
Turkey plans to announce whether the consortium will clinch a formal deal in the second half of next year.
Shares of Samsung C&T were trading at 56,500 won ($52) on the Seoul bourse as of 9:10 a.m., up 0.71 percent from the previous session. (Yonhap)