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South korean firms' plant export to Libya reaches us$940 million
Libya-South Korea, Economics, 11/19/2002
South Korean companies' plant exports to Libya reached US$940 million through the third quarter of this year, the Korea Trade Investment Promotion Agency (KOTRA)said Monday. "Plant export" refers to the export of power plants and machinery.
LG International and LG Engineering & Construction Corp. won $280 million worth of orders to construct plants in the country; Hyundai Engineering And Construction Co., $200 million; Hyundai Heavy Industries Co., $190 million; Dong Ah Construction Industrial Co., $70 million. Also Korean constructors are likely to win an order to build the Zawiyyah combined cycle power plant and the Benghazi Power Plant, both in Libya, KOTRA stated.
"We now expect 'the plant boom', followed by 'the construction boom' back in 1970-80 as local firms' plant export to Libya has been increasing this year," an official at KOTRA said.
Previous Stories:
Hyundai exporting 6,000 cars for handicapped persons to Libya
(4/12/2002)
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