Tsast Group partners with Kyeryong Group for redevelopment
South Korean delegates led by the CEO of Korea’s Kyeryong Group, Lee Sikoo, are paying an official visit to Mongolia. They met with Ulaanbaatar City Mayor, E.Bat-Uul, as well as Minister of Construction and Urban Planning, Ts.Bayarsaikhan.
During the visit, Lee Kisoo announced that he was considering cooperation with Tsast Construction on major construction projects for the city’s ger district redevelopment and highway construction. On July 3, CEO Lee Kisoo signed a memorandum of understanding with Tsast Group of Mongolia on behalf of Kyeryong Group.
As part of the cooperation agreement, Kyeryong Group will not only assist with “Townhouse” projects that Tsast Group has planned, but also will hold training sessions to exchange construction experience, as well as hold exchange programs for officials.
The memorandum also noted that Korean construction standards will be introduced to Mongolia and the 365 kilometer highway between Altanbulag and Ulaanbaatar will be done with cooperation of Kyeryong Group too.
Kyeryong Group runs construction projects in Russia, the United Arab Emirates, Bahrain, Nepal and Indonesia. It earns 3.2 billion USD a year with a history that spans 44 years. The group is currently constructing over 300 buildings, roads and bridges in Korea.
Short URL: http://ubpost.mongolnews.mn/?p=4732
During the visit, Lee Kisoo announced that he was considering cooperation with Tsast Construction on major construction projects for the city’s ger district redevelopment and highway construction. On July 3, CEO Lee Kisoo signed a memorandum of understanding with Tsast Group of Mongolia on behalf of Kyeryong Group.
As part of the cooperation agreement, Kyeryong Group will not only assist with “Townhouse” projects that Tsast Group has planned, but also will hold training sessions to exchange construction experience, as well as hold exchange programs for officials.
The memorandum also noted that Korean construction standards will be introduced to Mongolia and the 365 kilometer highway between Altanbulag and Ulaanbaatar will be done with cooperation of Kyeryong Group too.
Kyeryong Group runs construction projects in Russia, the United Arab Emirates, Bahrain, Nepal and Indonesia. It earns 3.2 billion USD a year with a history that spans 44 years. The group is currently constructing over 300 buildings, roads and bridges in Korea.
Short URL: http://ubpost.mongolnews.mn/?p=4732
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