Seoul (FN), May 18 – Daewoo E&C expressed its intention to invest in infrastructure and clean energy in Cambodia.

Cambodian Prime Minister Hun Manet received a courtesy call by Jung Wonju, Chairman of Daewoo E&C, on 17 May 2024 in Seoul, South Korea.

Chairman Jung Wonju informed Samdech Thipadei that his company is engaged in the construction of special economic zones, industrial parks, and other significant structures.

The chairman requested recommendations from Samdech Thipadei regarding investment in the construction and green energy sectors in Cambodia, aiming to contribute to the country's socio-economic development by introducing modern skills and technology from Korea.

For his part, Samdech Thipadei Hun Manet stated that through this meeting, the Cambodian delegation would gain valuable insights into investment opportunities in the construction and clean energy sectors. He added that infrastructure and real estate are key priorities for the Royal Government of Cambodia, which seeks to promote real estate diversification, particularly in urban areas.

Samdech Thipadei underlined that Cambodia, as a developing country, offers substantial potential for investment in urban development and construction. He added that during Cambodia's energy transition, Daewoo E&C could explore investment opportunities in the green energy sector as Cambodia modernises its technology.

Prime Minister Hun Manet encouraged Daewoo E&C to visit Cambodia to assess the situation firsthand and to discuss potential investment opportunities with relevant ministries and institutions.

Established in 1973, Daewoo E &C is one of the largest construction companies in South Korea and is active around the world. It is a leading construction convergence innovator in South Korea and around the world, combining various sectors including development, finance, infrastructure, and energy.