Posted on 24 Apr 2008
Nam Yang-tae (right), president of Daewoo Shipbuilding and
Marine Engineering Co., shakes hands with Ahmed Macki, Oman's minister of
national economy, after signing a memoramdum of understanding to build a
tourism complex and residential town in Oman's Duqm area in Seoul on Tuesday (Apr.
22).
Nam Yang-tae (right), president of Daewoo Shipbuilding and
Marine Engineering Co., shakes hands with Ahmed Macki, Oman's minister of
national economy, after signing a memoramdum of understanding to build a
tourism complex and residential town in Oman's Duqm area in Seoul on Tuesday (Apr.
22).
Daewoo Shipbuilding & Marine Engineering Co., the world's
third-largest shipbuilder, said Wednesday (Apr. 23) that it has signed a
memorandum of understanding with the government of
The industrial area will be developed in Duqm, a port city
about 450 kilometers southeast of the country's capital,
If finalized, the deal estimated at 15 trillion won ($15
billion) will be the biggest overseas contract a Korean company has ever won.
Under the deal, Daewoo Shipbuilding and the government of
In 2006, Daewoo Shipbuilding also signed an agreement to
build and operate in
Shares of Daewoo Shipbuilding were trading at 46,850 won as
of 1:41 p.m., up 1.19 percent.
