Korea's Construction in the Middle East:Past, Present and Future
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This paper discussed the Korea's strong factors for the period of Middle East construction boom and suggestions for the strategic alternatives for the industrial development to be worldwide companies. Historical growth of international construction contracts, situation of Middle East construction boom, current situation, strong factors for competition such as complementary relationships,lower wage, higher productivity means, government support are discussed in order. The latest surge past the 500-billion-dollar mark was powered by the last five years’ stellar performance. The trend will reap 100 billion dollars annually in overseas construction deals in 2014 and rank among the world’s top five overseas builders. However, there are a number of challenges to overcome. Construction firms should make more efforts to diversify their overseas markets to reduce their heavy dependence on the Middle East and secure more orders in other rapidly growing emerging economies. The government has and will extend more financial and other support to help builders advance into new markets and win more deals as they are locked in intensifying competition with Chinese and European rivals.
Abstract
This paper discussed the Korea's strong factors for the period of Middle East construction boom and suggestions for the strategic alternatives for the industrial development to be worldwide companies. Historical growth of international construction contracts, situation of Middle East construction boom, current situation, strong factors for competition such as complementary relationships,lower wage, higher productivity means, government support are discussed in order. The latest surge past the 500-billion-dollar mark was powered by the last five years’ stellar performance. The trend will reap 100 billion dollars annually in overseas construction deals in 2014 and rank among the world’s top five overseas builders. However, there are a number of challenges to overcome. Construction firms should make more efforts to diversify their overseas markets to reduce their heavy dependence on the Middle East and secure more orders in other rapidly growing emerging economies. The government has and will extend more financial and other support to help builders advance into new markets and win more deals as they are locked in intensifying competition with Chinese and European rivals.
참고문헌 (23)
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