South Korean Daewoo E&C plans to participate in construction of new plants in Turkmenistan

Turkmenistan Materials 14 June 2024 15:31 (UTC +04:00)
Aman Bakiyev
Aman Bakiyev
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ASHGABAT, Turkmenistan, June 14. South Korean Daewoo Engineering & Construction announced its intention to participate in tenders for the construction of two large plants for the production of mineral fertilizers in the cities of Kiyanli and Turkmenabat in Turkmenistan, Trend reports.

According to an official source, this was stated by the chairman of Daewoo Engineering & Construction, Jung Won-ju, who, as part of the business delegation, held a number of important meetings with Turkmen officials.

At the talks with Deputy Prime Minister of Turkmenistan Batyr Amanov, heads of state concerns Turkmengaz, Turkmennebit, and Turkmenhimiya, Jung Won-ju noted a favorable investment climate and atmosphere for further expansion of cooperation between the two countries.

"Turkmenistan has huge potential for business in various sectors, including the development of new cities, industrial facilities, and infrastructure, due to its rich natural resources. We are striving to strengthen our position in the Central Asian market, contributing to the further strengthening of friendly relations between our countries after this historic state visit," said the head of the South Korean company.

Meanwhile, in November last year, South Korean Daewoo Engineering & Construction opened its branch in the Turkmen capital Ashgabat to work more effectively in the fast-growing market of Turkmenistan.

Turkmenistan is implementing 14 investment projects with the participation of South Korean companies, the amount of which currently exceeds $11 billion.