본문 바로가기

The latest News

Maintaining an Overseas Foothold: CEO’s Holiday Visit to Dubai and Rwanda

2019-09-16

Ssangyong E&C’s Chairman and CEO S. Joon Kim is well-known for spending time with company employees at overseas project sites during Korean Thanksgiving and during year-end and New Year’s holidays. The company announced on September 11 that he would be visiting project sites in Dubai, UAE and Rwanda during this year’s Korean Thanksgiving holidays.

 

During the trip, he will first visit Dubai and provide encouragement to on-site workers at the Royal Atlantis Resort and Residences construction site, followed by a visit to the ICD Brookfield Place construction site to handle pending issues and inspect the construction process. In Rwanda, he will visit the company’s Rwanda Office, which was established to promote the firm’s entry into the African construction market, and meet with employees involved in hotel construction project management.

 

Chairman and CEO S. Joon Kim ed Dubai as his first destination because, despite being a region with scorching heat and humidity, with temperatures peaking at 50 degrees Celsius, Dubai is a major battleground among global contractors. Since the Investment Corporation of Dubai (ICD), with assets worth a whopping USD 239 billion, became the company’s largest shareholder in 2015, Ssangyong E&C has been engaged in seven construction projects in Dubai, with a combined value of USD 1.8 billion. In the African construction market, Rwanda, in particular, is characterized by high-end leisure facilities visited by European tourists, making it a perfect new market for Ssangyong E&C with its strengths in high-end construction.

 

These overseas visits by Chairman and CEO S. Joon Kim are a testament to his resolve to grow the company based on achievements in the overseas construction market rather than in the shrinking domestic market as well as his volition to maintain a strong foothold in the overseas construction business. Believing that “nothing is more important than spending traditional holidays and year-end & New Year’s holidays with hard-working employees at overseas sites,” he has been visiting remote overseas construction sites, such as those in Iraq and Equatorial Guinea, every year since he was appointed Ssangyong E&C’s Chairman and CEO in 1983.