- Published 2026.11.04 15:03
Discusses infrastructure and industrial development cooperation with Ghanaian Ambassador to Korea Charis Oboshie Sai Cofie
Attention on linking African bases such as large plant orders in Nigeria
Daewoo Engineering & Construction Chairman Chung Won-ju met with Ghanaian Ambassador to Korea Charis Oboshie Sai Cofie to discuss ways to re-enter Ghana's infrastructure and industrial development market. The move comes as Daewoo E&C has recently won a series of large plant projects in neighboring Nigeria, strengthening its foothold in West Africa and expanding into nearby countries including Ghana.
On Nov. 4, Ambassador Cofie said on social media that she met with Chairman Chung to explore Daewoo E&C's return to Ghana's infrastructure market and potential areas of cooperation. Cofie, a naturalized Korean of Ghanaian origin, introduced Chung as a friend of nearly 20 years. She assessed the meeting as significant in that it created an opportunity to build a partnership that can contribute to Ghana's development based on the long-standing relationship between the two sides.
Daewoo E&C has a history of participating in local infrastructure development in Ghana, including road construction projects. Ambassador Cofie said, "Daewoo E&C holds a very special place in the history of Korea-Ghana relations," referring to the background that Daewoo E&C supported Ghana's diplomatic and consular affairs until the Ghanaian Embassy was established in Seoul in 1999. She explained that a historical bond beyond a typical business relationship between a company and a country has been formed.
The discussion is linked to Daewoo E&C's proven capability in large infrastructure and plant projects in West African base countries. Daewoo E&C has enhanced its competitiveness by shifting its African business structure from road construction to large-scale plant engineering, procurement and construction (EPC) prime contracts. On Nov. 4, Daewoo E&C announced it won a 350 billion won (about $258 million) fertilizer plant No. 4 construction project ordered by the Nigerian subsidiary of global petrochemical group Indorama. Since entering Nigeria in 1983, the company has carried out 75 projects worth $10.8 billion (about 14.9 trillion won) over 44 years, solidifying its local base.
Chairman Chung has also been making efforts to expand economic cooperation with African countries. In May 2026, Chung was selected as the first recipient of the Korea-Africa Contribution Award, given by the African Group of Ambassadors in Korea (AGA) to individuals who have contributed to promoting exchanges between Korea and Africa. Based on its experience of carrying out about 290 construction projects in 11 African countries, including Nigeria, Sudan, Ethiopia and Mozambique, Daewoo E&C is pushing to expand its business to neighboring countries such as Ghana.
Ambassador Cofie said she initially planned to invite Chairman Chung to an investment summit in Ghana this month, but due to his schedule, he promised to visit Ghana next year to look at investment opportunities. "Turning long friendship and historical ties into meaningful investment and partnership is the essence of economic diplomacy," Cofie said.
(Dollar figures are approximate, converted automatically at 1,000 won = $0.738, the rate on Nov. 8, 2026.)
※ This article is an AI translation of the Korean original published by Korea Credit News; it was checked by automated quality guards and published by the English edition desk.
