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Korea's Doosan Group appears to have failed to close a lucrative deal to build a power plant in Saudi Arabia, which may prove to be a setback for its ambitions to flex its global muscle.
Doosan had aimed to get about 60 percent of its targeted 24 trillion won ($20.5 billion) in revenue for this year and the Saudi Arabian project was considered a prerequisite for the company achieving its goal.
Doosan, which relies on its duo of heavy industry units Doosan Heavy and Doosan Infracore to spearhead its attempts for going global, has been looking to exploit the growing demand for new power plants.
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