en.Wedoany.com Reported - Daewoo E&C announced on the 23rd that it has established a dedicated task force named "Middle East Reconstruction TF" to respond to potential Middle East reconstruction and development investment opportunities arising from a possible U.S.-Iran ceasefire agreement.
The task force, centered on the Global Infrastructure Headquarters overseeing overseas operations, will collaborate with business divisions including plant, civil engineering, and building to form a consultation mechanism for overseas development projects and order-taking activities. Through this structure, Daewoo E&C plans to focus on infrastructure restoration projects in disaster-affected countries where it has prior experience, and in the medium to long term, establish a foundation for re-entering the Iranian market, which has significant damage scale.
Daewoo E&C has previously undertaken multiple projects in Iran, including the Bandar Abbas-Bafgh railway project, the Ahvaz power plant, and the Kharg Island offshore oil terminal.
Additionally, the task force will collaborate with the Ministry of Land, Infrastructure and Transport and the Overseas Construction Association to build a monitoring system for the Middle East reconstruction market, and will focus on collecting new project information through internal and external networks. Daewoo E&C will also actively participate in the "Team Korea" cooperation system among major domestic construction companies.
A Daewoo E&C official expressed expectations to expand business in the reconstruction market of major oil-producing countries where the company has prior entry experience, contributing to enhancing South Korea's status. The official stated that if the vast Iranian market opens up, it will present a new leap opportunity for the entire domestic construction industry, and therefore the company will prepare proactively to embrace the future.
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