Libya is Daewoo's Top Customer

Daewoo Engineering and Construction has become the second Korean company to surpass $50 billion in cumulative overseas orders, after Hyundai Engineering and Construction first did so eight years ago, reports Chosun Ilbo.

By country, Libya accounted for the most orders with $11.4 billion, followed by Nigeria with $6.7 billion, Algeria with $4.2 billion and Morocco with 3.5 billion.

"We have made inroads into eight more countries [worldwide] including Iraq and Venezuela since 2000 to expand our presence overseas. We plan to win a record-high $72-billion worth of orders this year," said a spokesman.

(Source: Chosun Ilbo)

(Picture: Youngsik Park, President and CEO of Daewoo Engineering and Construction)

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