Vice Chairman Jeong Won-ju, a 'Special Helper' Expanding Daewoo E&C Orders in the Middle East

Visit to Oman Duqm Refinery Site on 22-23
"Active Support" for New Orders Forecast in Middle Eastern Oil-Producing Countries

Jung Won-joo, Vice Chairman of Joongheung Group, has taken the lead in expanding Daewoo E&C's orders in the Middle East market.

Daewoo E&C announced on the 24th that Vice Chairman Jung visited the Duqm oil refinery construction site in Oman on the 22nd and 23rd. This visit was carried out to directly assess the market situation and encourage on-site employees, considering the growing importance of overseas orders in the external environment.

Jung Won-joo, Vice Chairman of Joongheung Group, is visiting and inspecting the Daewoo E&C Oman Duqm Refinery construction site. / Photo by Daewoo E&C

Vice Chairman Jung toured the site and examined issues arising during the construction process. Afterwards, he received reports on the Middle East market conditions, including Saudi Arabia, UAE, Iraq, and Oman, from the UAE branch employees responsible for sales in the Gulf Cooperation Council (GCC) region. They also discussed future construction processes, schedules, and strategies for new orders.

Vice Chairman Jung particularly reviewed detailed issues regarding major projects expected to receive new orders in the Middle East region and urged the establishment of proactive order acquisition strategies. At a dinner with employees, he said, "The company's core competitiveness lies in the capabilities of the employees who are right here on site," adding, "I understand there are many difficulties in a distant foreign country. The company will also do its best to resolve the hardships of on-site workers and help enhance their capabilities."

Daewoo E&C has been strengthening its overseas sales organization and implementing an order expansion strategy focused on key markets since last year to prepare for the domestic construction industry's downturn. Thanks to this effort, it secured orders for urgent repair works at the Warri oil refinery (KRW 640.4 billion) and Kaduna oil refinery (KRW 725.5 billion) in Nigeria last year and this year. The company is also focusing on securing new orders for follow-up works of the Iraq new port project and reconstruction projects in Libya this year.

Vice Chairman Jung is actively engaging in pioneering new markets such as the United States, the Philippines, Turkmenistan, Uzbekistan, Kenya, by visiting key leaders and meeting with ordering parties. He is also maintaining a broad campaign to expand overseas orders by meeting with senior officials in traditional key markets such as Vietnam and Nigeria. As new orders from Middle Eastern oil-producing countries are expected to increase this year, he plans to begin with Oman and take a more active role in supporting overseas order acquisition.

This content was produced with the assistance of AI translation services.