Daewoo E and C wins $730m Qatar expressway contract

expat network

Daewoo E and C wins $730m Qatar expressway contract

South Korea’s Daewoo Engineering & Construction Company has won a $730 million contract by Ashghal, the Qatar public works authority for the extension of the E-Ring expressway in Doha.

According to the contract, Daewoo E&C will be the sole contractor of this project, and the work will be completed in 42 months, reported Business Korea.

The project involves the extension of the expressway connecting the southern part of Doha by 4.5 km as well as adding 4-km-long roads with 8 to 14 lanes and three multi-level intersections.

Although the project is the construction of the 8.5-km section of the road, it has a high profitability in the future due to a large amount of construction costs as it has three multi-level crossing interchanges, said the report citing a Daewoo E&C spokesman.

The company has so far won a total of five projects worth 3.27 trillion won ($3 billion) in Qatar after entering the market in 2005.

Source: www.tradearabia.com

About Daewoo

Beginning with road construction work in Ecuador in the late 1970s, Daewoo have built more than three hundred projects in over forty countries, including in Asia, the Middle East, Africa, and Europe.
They operate branches and subsidiaries in Asia, Africa, the Middle East, Europe, the US, and other parts of the world as part of our strategy of advancing into overseas markets and strengthening our overseas operations.

They are currently working on more than forty-five overseas projects, winning plaudits for advanced technologies and outstanding construction capabilities.

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.