KOTRA Holds Forum to Expand Overseas Construction and Plant Projects

"Expected Expansion of Demand in Overseas Construction Market"

The Korea Trade-Investment Promotion Agency (KOTRA) will hold the 'KOTRA Overseas Contract Council 43rd Demand Forum' on the 20th at its headquarters in Yeomgok-dong, Seoul. This event is organized to expand the overseas construction and plant project ventures of Korean companies.

The KOTRA Overseas Contract Council is a council formed in 2010 centered around KOTRA, bringing together related organizations and domestic construction, plant, and engineering industries to secure overseas projects. Its purpose is to promote mutual growth and cooperation among member companies and increase the overseas market entry of domestic companies. Key activities include providing overseas market trends and project information, as well as operating a consultation center for overseas contract difficulties.

KOTRA Headquarters Exterior / Photo by KOTRA

This demand forum will be held under the theme 'A New Leap for Overseas Construction, Quantum Jump.' It targets about 100 companies in construction, plant, and engineering sectors. Since 2016, overseas project contract performance has remained around 30 billion USD, and discussions will be held to find practical solutions in line with the government's goal to expand this to 50 billion USD by 2027 and enter the ranks of the top four overseas construction powers. In the panel discussion, experts from fields such as construction and engineering will share their related opinions.

Jung Wooyoung, Head of KOTRA's Innovation Growth Division, said, "Due to large-scale infrastructure investments in countries like Saudi Arabia and Indonesia, the demand in the overseas construction market is expected to expand," and "we hope this event provides an opportunity for our construction companies to take a step forward in entering overseas markets."

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