Asia largest market for S. Korean builders this year

By AJP Posted : March 28, 2013, 14:34 Updated : March 28, 2013, 14:34
"Kitchen garden" of South Korean construction companies has moved to Asia from the Middle East since the beginning of this year.

According to the Overseas Construction Association Tuesday, construction firms bagged a combined US$6.36 billion worth of orders in Asia in the first three months of this year, which accounts for 68 percent of total $9.36 billion worth of orders abroad.

The Middle East ranked second with $2.75 billion or 26 percent of the total, the association said.

A year ago, the Middle East ($2.75 billion) beat Asia ($1.58 billion). Yet since the beginning of 2013, construction companies have been flooded with orders from Asia, mostly Vietnam.

By Ayaka Erin Tobari

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