Daewoo E&C

South Korean construction company Daewoo Engineering & Construction’s (E&C) prospects, especially in the oi land gas segment, have brightened ever since word came out in the first quarter of this year that the Saudi government has shown interest to buyout the contractor. State-lender Korea Development Bank (KDB) plans to privatise the builder by the end of the year, according to a local media report. Senior Saudi government officials visited Seoul earlier this year and were briefed on the outlook of the company, which has traditionally had strong operations in the Middle East.  Saudi officials are reportedly considering various means to make the acquisition.