September 15, 2011 / 5:34 PM / 8 years ago

Hyundai Heavy to build $7 bln shipyard in Nigeria

ABUJA, Sept 15 (Reuters) - South Korean group Hyundai Heavy Industries 009540.ks plans to build a $7 billion shipyard in Nigeria’s oil region, the company’s president said on Thursday.

“My company is going to $7 billion in Nigeria in the building of a ship yard,” Jai-Seong Lee told reporters at the presidential villa following a meeting with President Goodluck Jonathan. (Reporting by Felix Onuah;Writing by Joe Brock; Editing by Dan Lalor)

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