AMCO Wins $41 Million Construction Order in Libya.
Amco Construction, Hyundai Motor Group's building unit in South Korea, won 520 billion won ($416 million) project to build public housing and infrastructure construction in Al-Qubbah, from the Libyan government, according to Amco Construction on July 28. Amco has been racing to facilitate its overseas project, but this marks the first occasion where the company won a construction order issued by the government. Al-Qubbah City is a small city with an estimated population of 100,000 people located 200 kilometers from Banghazi City, the nation's second largest logistics hub and the transportation center. The Libyan government is currently undertaking a project to modernize al-Qubbah City. 250 apartment blocks of four-story villa will be built in a construction site measuring 400,000 pyong between September 2009 to 2012-end. The company will execute a turnkey project where Amco Construction will be in charge of the entire project from design, procurement of construction workers, equipments, material, and completion of the project. Amco Construction is looking forward to expanding its overseas project to the Middle East and North Africa after the company successfully won orders to build a 1.7 trillion won resort in Hai Phong City, Vietnam; and office buildings in Cambodia. "The company will be committed to making inroads into the Middle East and African market and achieve the company's goal of winning orders worth 850 billion won ($686 million) in 2009," stated Mr. Kim Chang- hee, Vice-chairman of AMCO.
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|Publication:||UMCI News (Potomac Falls, VA)|
|Date:||Jul 29, 2009|
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