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Hyundai construction gets $11.5 mln proceeds from Saudi Arabia

Written: 2001-04-24 00:00:00Updated: 0000-00-00 00:00:00

Hyundai said Tuesday Hyundai Engineering and Construction Co. received $11.5 million dollars Monday from Saudi Arabia, part of an overdue payment for building projects there.

The builder also said it expects to collect an additional $44 million of the $138 million in proceeds from Saudi construction projects coming due in May and June.

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