The International Contractors Association of Korea announced on Sept. 27 that South Korean construction companies’ new overseas contracts for the first nine months of this year add up to US$22.4 billion, up 28.7 percent from a year ago, and the volume increased by more than US$10 billion in the third quarter.
On Sept. 23, Doosan Enerbility signed a US$384.95 million contract in Saudi Arabia for the Jafurah Cogeneration Plant. A week earlier, Hyundai Engineering & Construction won a US$1.334 billion urban railway project in the Philippines. In July, Samsung C&T signed a US$1.91 billion contract for Samsung Electronics foundry construction in Taylor, Texas.
Source: BusinessKorea
