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Korean Daewoo Engineering & Construction and China State Construction Corporation signed a cooperation agreement
The South Korean company Daewoo Engineering & Construction has signed a strategic agreement with the Chinese State Construction Corporation (CSCEC) on cooperation in infrastructure business in China and other countries, according to IA RUSKOR.
“Through cooperation with a leading investor in construction, we will be able to take a step into the Chinese market and increase our competitiveness in other foreign markets,” said Park Young-sik, President of Daewoo E&C. The agreement calls on Daewoo and six CSCEC affiliates to seek joint projects in areas such as infrastructure and real estate.