The Resident Director of South Korea’s Daewoo Engineering & Construction (Daewoo E&C), Ilyoung Choi met with the Chairman of the Executive Council of Benghazi Municipality, Al-Saqr Omran Bojwari.
Choi confirmed his desire to resume the infrastructure projects that have been suspended for over a decade in Benghazi. This will be done in coordination with Libya’s Housing and Utilities Projects Implementation Agency.
The statement added that Daewoo E&C will discuss the current housing projects, as well as investment projects in Benghazi.
Bojwari affirmed the Municipality’s readiness to fully cooperate with the firm. “The company carried out previous works in the city of Benghazi, which reflected positively on public facilities and services in the city,” the statement said.
In July, Daewoo agreed to resume its work at Zueitina power station, after signing a memorandum of understanding (MoU) with the General Electricity Company of Libya (GECOL).
GECOL said the MoU comes in the context of its endeavour to complete suspended projects, and have Korean companies return to complete their projects.
In a separate context, giant South Korean carmaker, Hyundai Motor Company said it has signed a deal with the Libyan government to supply 3,000 vehicles to Libyans who became disabled during the Second Libyan Civil War.
Under the deal, Hyundai Motor will provide 3,000 units of the Venue subcompact to the North African country by the first half of 2023, the company said in a statement.
In 2021, Hyundai supplied 2,100 vehicles in a deal with the General Authority for the Social Solidarity Fund in Libya. The company did not reveal the value of the deals.
The Second Libyan Civil War was a multilateral civil war fought between rival armed groups. It broke out in 2014, and lasted through 2020.