Ashgabat, Turkmenistan, April 17
By Huseyn Hasanov- Trend:
South Korea's Daewoo International company will build a steelmaking plant in Turkmenistan worth around $1 billion, Interfax agency reported referring to the company's statement.
Daewoo International and the Ministry of Industry of Turkmenistan signed an agreement on cooperation in the field of metallurgy.
The agreement was signed during Turkmen President Gurbanguly Berdimuhamedov's four-day visit to South Korea April 11-14, Daewoo corporation said.
South Korean corporation POSCO Engineering & Construction must also join the plant construction to conduct most of the work by contract.