Friday, July 18, 2025
LibyaReview
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion
No Result
View All Result
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion
No Result
View All Result
LibyaReview
No Result
View All Result
Home Libya

South Korea’s Daewoo Discusses Resuming Projects in Libya

December 22, 2022
Share on FacebookShare on Twitter

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.

Tags: libyaResuming Projects in LibyaSouth Korea’s Daewoo Engineering & Construction (Daewoo E&C)
Next Post

Libyan Tribal Leaders Threaten to Close Oil Fields if Ex-Intelligence Chief Extradited to US

Please login to join discussion

POPULAR CATEGORIES

  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

MUST READ

Libyan Militia Leader Arrested in Germany Under ICC Warrant

Libyan Army Conducts Military Operation Against Criminal Gangs on Southern Border

Libya & Turkey Sign Strategic Agreement

France & UK Call on Libya to Investigate Attacks on Diplomatic Staff

Libya’s NOC & BP Sign Agreement to Redevelop Major Oilfields

Libya’s Saddam Haftar Meets Pakistan’s Army Chief

EDITOR PICKS

Libyan Coast Guard Rescues 78 Migrants

ICC Welcomes Arrest of Libyan War Crimes Suspect Khaled El Hishri in Germany

Libya’s Saddam Haftar Meets Pakistan’s Army Chief

Libyan University Students Urge End to Delay in National Elections

Gulf Companies Consider Libya’s Sirte Port Expansion Plans

Libya Concludes Workshop on Human Trafficking

  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

© 2024 LR

No Result
View All Result
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

© 2024 LR