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Korean builders surpass $1 trillion in overseas construction deals - nearly half from Saudi Arabia


Korean builders have achieved more than $1 trillion in accumulated overseas construction deals, the Ministry of Land, Infrastructure and Transport said Friday.  The achievement comes 59 years after Hyundai Engineering & Construction obtained its first overseas deal to build an expressway in Thailand in November 1965.

Local builders secured $32.69 billion worth of overseas orders in the January-November period, the International Contractors Association of Korea said earlier, bringing the accumulated total to $996.5 billion as of the end of November.
 
The figure for December has yet to be released, but the Transport Ministry said the country's cumulative overseas orders breached the $1 trillion mark during the month.
 
Nearly half of the orders in 2024 were from Saudi Arabia, according to the ministry.

Read the full story at Korea JoongAng Daily