Qatar Primary Materials Co News

Hyundai Glovis Signs $100m Qatari Shipping Deal

Hyundai Glovis Co., South Korean shipping firm, clinched a $100 million shipping service contract with a building materials firm in Qatar, reports Yonhap news agency. According to the agreement signed with state-run Qatar Primary Materials Co., Hyundai will transport 12 million tons of aggregates to the Arab nation from neighboring United Arab Emirates for the next two years. The aggregates imported by the Qatari government are to be used in the construction of facilities for the 2022 FIFA World Cup to be hosted by the country. Kim Kyung-bae, chairman of Hyundai Glovis, the logistics unit under auto conglomerate Hyundai Motor Group, said that the a test deal will be a chance for his company to promote its competitiveness in the Middle Eastern logistics industry.