Daewoo E&C announced on the 23rd that Chairman Jung Won-joo visited President Prabowo Subianto Djojohadikusumo at the presidential palace in Jakarta, Indonesia, on the 21st and discussed various cooperation plans, including participation in new projects.
During the visit, Chairman Jung noted, "Daewoo E&C has formed a continuous partnership through various projects since its first entry into Indonesia in 1986, and considers it a great honor to have been part of Indonesia's growth process," and expressed a desire to participate in various fields, including real estate development in Indonesia, infrastructure construction, power generation, renewable energy, and petrochemical plants.
Indonesian President Prabowo Subianto welcomed Daewoo E&C's plans to expand its presence in Indonesia and said, "I highly value Daewoo E&C's capabilities in real estate and infrastructure development, and hope to uncover and develop projects that can contribute substantially to Indonesia's economic development through this."
Over the past 40 years, Daewoo E&C has participated in seven projects in Indonesia, recording contracts worth approximately $700 million. Additionally, it has established a local subsidiary in Indonesia to promote diversification and localization in real estate development and infrastructure projects.
A representative of Daewoo E&C stated, "Through Chairman Jung Won-joo's meeting with the Indonesian president and key government officials, we were able to convey Daewoo E&C's capabilities and vision and expand our network," adding, "We will seek to expand our presence in Indonesia through strategic and mutually cooperative partnerships with local developers and construction companies."