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* Date : 2013-09-27

Koreans Engineer a Desert Oasis
 





Second wave of Korean contractors flock to the Middle East

30 years ago, the oil shock in the Middle East created a huge demand for construction projects. People called it the Middle East boom and Koreans flocked to the region to jump on the bandwagon. Back then, most of the work was in simple labor jobs, such as building bridges, roads and buildings. But during the global financial crisis in 2009, Korean contractors started to take advantage of the volatile market, coming in with competitive prices for contracts in oil refinery packages, petrochemical plants or gas processing plants.

Dominating Middle East's plant market through turn-key projects

In the '70s and the '80s, Koreans could not easily break into the plant industry which requires high value, highly-sophisticated technology.
But things are different today, and the numbers back up that claim.
Korea ranked number one in the Middle East's market share for all construction projects, including plant projects in 2011.
Another report by Middle East Economic Digest says Korea won 62 percent of the contracts for plant projects in the Middle East.

From exporting labor to overseeing multi-million dollar plant projects

The roles of Koreans in the Middle Eastern plant markets are changing. Most Koreans hold managerial positions, transferring skills to engineers in developing countries. Once a supplier of labor, Korean companies are now providing a one-stop solution - from engineering, planning and construction.

No,Date,Full Contents Review,Buying등의 정보로 이루어진 목록
No Date Full Contents Review VOD
253 2013-11-28 COMOESTAS! MEXICO! #1
252 2013-11-21 The Story of Korean Traditional Liquor - Part 2 Do you know Makgeolli
251 2013-11-19 Korean Style Series #2
250 2013-11-14 The Story of Korean Traditional Liquor - Part 1 Continuing the Legacy of Liquor
249 2013-11-05 Special Interview with THAKSIN
248 2013-10-30 Taste of Andong #2
247 2013-10-26 Korea Drama Awards
246 2013-10-24 2013 Korean Festival
245 2013-10-23 Gotaek of Andong #1
244 2013-10-01 The 65th anniversary of the Armed Force Day
243 2013-09-27 Koreans Engineer a Desert Oasis
242 2013-09-25 Special - 'comfort women' One Last Cry
241 2013-09-12 10th Anniversary Arirang Radio K-POP Concert!
240 2013-09-09 0.23μ㏜ - Fukushima: Is There a Way Out ?
239 2013-09-05 Untold Story 3 The Kanto Earthquake V
238 2013-08-29 Taekwondo, The healing method
237 2013-08-28 Viva! Taekwondo
236 2013-08-21 Rediscovering Home
235 2013-08-16 Special - 'comfort women' One Last Cry
234 2013-08-15 [Special Live] liberation day
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