Daewoo E&C makes deal for Indonesian building projects

Home > Business > Industry

print dictionary print

Daewoo E&C makes deal for Indonesian building projects

Daewoo Engineering and Construction, the nation’s third-largest builder, said yesterday that it secured an $82million order in Indonesia, after forming a consortium with local construction firm Acset.

Daewoo E&C said that this is first time in 12 years that the company will conduct projects in Indonesia, following the building of the Kufpec refinery facilities in 2001.

The project will entail the building of two large office buildings, three 36-story apartment buildings and other commercial buildings in the Sudirman Central Business District in Jakarta. The project is expected to take 33 months to complete, according to Daewoo E&C.

The company said that its stake in the project amounts to $32 million.


More in Industry

Majestic flight

Hyundai Motor is new darling of the stock market

Doosan Tower sells for 800 billion won as financial woes continue

Hyundai E&C wins big rail project contract in Philippines

Spud sundaes and ugly apples as retailers rush to help farmers

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now