Daewoo E&C announced that its chairman, Jung Won-ju, visited Singapore on Nov. 27 and 28 to meet with the CEOs of Keppel Land and Capitaland Investment, subsidiaries of Temasek Holdings, one of the world’s largest sovereign wealth funds, to discuss collaborative opportunities in global real estate development.
Keppel Land and Capitaland, under Temasek Holdings, a government-owned corporation of Singapore, are among Asia’s largest real estate developers, holding assets worldwide. Temasek Holdings, wholly owned by the Singapore government, is a mega investment company with assets worth approximately 400 trillion won.
During his visit, Chairman Jung met sequentially with Lim Louis, CEO of Keppel Land, and Lee Chee Koon, CEO of Capitaland, on Nov. 27 and 28, respectively, to discuss expanding real estate development and collaboration with Daewoo E&C in Southeast Asian regions like Singapore, Vietnam, Indonesia, as well as in North America, including Canada and the U.S., and African regions including Nigeria.
Furthermore, during his visit, Chairman Jung also met with Muhammed Aziz Khan, chairman of the Summit Group, one of the largest business conglomerates in Bangladesh, and the top private power and port operator, to discuss collaboration in oil refinery and real estate development projects in Bangladesh.