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HD Hyundai has signed a contract with US construction and engineering firm Kiewit to establish a joint venture, HD Kiewit Shipbuilding, to build a new shipyard in the US. The agreement was signed on October 22 (local time) in Houston, Texas, with construction planned to start in 2027 and operations targeted for 2029. The JV will combine HD Hyundai's shipbuilding technology and yard operation know-how with Kiewit's construction and manufacturing expertise, and will build a yard for ship blocks and large steel structures. Yonhap reports the move is part of the MASGA (US shipbuilding) project, accelerating Korean shipbuilders' investment in the US. Korean media note this intensifies competition with Hanwha, which holds Philly Shipyard, as HD Hyundai moves from considering acquisitions to concrete local production plans.