Korean overseas orders record

Premium Content

29 April 2008

Korea: Korean contractors won overseas orders worth US$ 10.5 billion in the first seven months of 2006, up +68% from a year ago, according to the Ministry of Construction and Transportation.

Orders from the Middle East soared +43% from a year ago to US$ 6.27 billion. Asia came next with US$ 2.33 billion (+124%), followed by Africa with US$ 1.14 billion, (+113%). Orders from other regions stood at US$ 718 million (+156%).

Industrial construction rose +35% to US$ 7.19 billion, while civil engineering rose +198% to US$ 1.1 billion. New building projects nearly quadrupled to US$ 1.8 billion in the seven months from January to July.

According to the Ministry overseas construction orders broke the US$ 10 billion mark in the shortest period in Korea's history, including the boom years of the early 1980s and mid-1990s. The previous record was achieved in 1982.

Latest News
New head of KHL’s Content Studio discusses how people make decisions on what to buy
Jon Abrahams describes why industry stalwarts and disruptors alike should consider adding content marketing to their business strategies
Crane Institute of America appoints L.D. Stutes as GM
Stutes enters this newly created position with 37 years of experience.