daewoo e&c
DAEWOO E&C OVERVIEWWe will remain a leader of construction industry around the world, leveraging longyears of hands-on experience and technological prowessOn behalf of Daewoo Engineering & Construction (E&C), I would like to extend my sincere gratitude to our valued shareholders andcustomers for your unwavering support and encouragement.Since its establishment in 1973, Daewoo Engineering and Construction (E&C) has led Korea's construction industry with superbtechnologies and high Quality products and services in our core business fields such as housing,architectural works, civil projects, power and industrial plants, and oversears project development businesses.1. Project Name: Al Faw Grand Port - Western Breakwater PJ2. Introduction: Western Breakwater (13.9km), Secondary Breakwater (1.65km), Eastern Breakwater Roundhead(0.30km), Eastem/Western Breakwater Roundhead etc.3. Contract Sum: US$697,882,2074. Duration: 30 months from the start5. Implication:- Able to utilize 20 marine equipment based in Oman- Secured advantageous location for potential large-scale constructions within Al Faw Port- Established firm foothold into Iraq's rebuilding market (Basrah New Town PJ, etc.)- Second project since Akkas CPF PJ The breakwaters of the port have already been completed costing over 1 billion dollars,they became the world's longest at 14.523 km. The breakwaters were constructed byDaewoo Engineering & Construction Co. Ltd (South Korea), GCPI (Irag) andTECHNITAL (Italy) in Basra, Iraq on 2 April 2020 as recognized by the Guinness WorldRecords (10)|11] Construction of the initial five berths, as well as roads, and a tunnel to connect it to Um-Qasr port across the Khor-Al-Zubair waterway began. In April 2024, during a visit to Baghdad by Turkish President Recep Tayyip Erdogan, aquadrilateral memorandum of understanding regarding cooperation in the IraqDevelopment Road project was signed between Iraq, Türkiye, Qatar, and the UAE,inked by the transportation ministers from each country. The 1,200-kilometer projectwith railway and highways which will connect the Great Faw Port, aimed to be thelargest port in the Middle East. It is planned to be completed by 2025 to the Turkishborder at an expected cost of $17 billion. (12)[1314][15] On 7 November 2024, a handover ceremony was held at the site of the Grand FawPort, where the Prime Minister Mohammed Shia' Al Sudani announced the completionof the construction of the five initial berths, concluding the first phase of the constructionof the planned 100 berths.(16]
Read More