Daewoo E&C Seeks to Diversify Its Business Portfolio in the Turkmen Market
Daewoo E&C Chairman Jeong Won-ju visited Turkmenistan from June 26 to 30 to discuss new business opportunities and strengthen the company's presence in the Central Asian market, the company said in a statement on July 1.
As previously reported, during his visit, Jeong Won-ju met with Chairman of the Khalk Maslakhaty Gurbanguly Berdimuhamedov and President Serdar Berdimuhamedov in Ashgabat. He expressed appreciation for Daewoo E&C's participation in the Turkmenabat Fertilizer Plant project and reaffirmed the company's commitment to its successful completion. Jeong Won-ju also discussed potential participation in upcoming gas field and petrochemical plant development projects, opportunities for cooperation in the railway sector, subway construction and high-rise buildings.
In addition, the Chairman of the Board of Daewoo E&C met with Deputy Prime Minister for Construction, Energy and Industry Baymyrat Annamammedov to express gratitude to Turkmenistan for Daewoo E&C's offer to participate in new petrochemical plant projects. He expressed the company's interest in assisting a number of infrastructure initiatives that support Turkmenistan's economic growth.
Next, Jeong Won-ju met with Deputy Prime Minister for Oil and Gas Issues Batyr Amanov and Chairman of the State Concern "Turkmengas" Maksat Babayev to discuss Daewoo E&C's participation in new gas field development projects.
The visit's program also included meetings with Deputy Prime Minister for Finance and Economy Hojamurat Geldimyradov and South Korean Ambassador to Turkmenistan Ji Kyu Taek, which were dedicated to diversifying the entry of Korean businesses into the Turkmen market.
The representative of Daewoo E&C said that Turkmenistan is a strategic market for the company, which plans to expand its business portfolio and accelerate localization. Daewoo E&C aims to strengthen its position in the region through continuous interaction with management and network building, the company noted.
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