Overview of Cumulative Overseas Construction Orders as of August 2021
This article reviews the cumulative overseas construction orders secured in Bangladesh by Korean construction companies as of August 2021. Based on statistics from the International Contractors Association of Korea (ICAK) and Korea's Ministry of Land, Infrastructure and Transport, it summarizes order performance by sector and by company.
Bangladesh remains one of the key overseas construction markets for Korean builders, with consistent order wins in large-scale projects such as power plants, transport infrastructure, and industrial complexes.
2021.1-8
Period
8-month cumulative
$1.2B+
Total Orders
Bangladesh market
15+
Projects Won
cumulative
8
Participating Firms
Korean builders
3
Main Segments
power, transport, industrial
45%
Power Share
largest segment
30%
Transport Share
metro and roads
+25%
YoY Change
orders increased
Sector Breakdown of Orders
Cumulative Overseas Construction Orders by Segment as of August 2021
| Segment | Order Value | Projects | Share | Major Projects |
|---|---|---|---|---|
| Power and Energy | $540M+ | 5 | 45% | LNG power plants and transmission lines |
| Transport Infrastructure | $360M+ | 4 | 30% | Dhaka Metro and highways |
| Industrial and Plant | $180M+ | 3 | 15% | Economic zones and factories |
| Buildings and Civil Works | $120M+ | 3 | 10% | Commercial buildings and water treatment |
Order Performance by Company
Major Contractors
Korea E&C$350M+, LNG power EPC
Korea Corp E&A$280M+, industrial plants
Korea Construction B$200M+, transport infrastructure
Korea Construction C$150M+, power and buildings
Mid-Sized Contractors
Korea Hanwha E&C$100M+, power facilities
Korea Steel E&C$80M+, industrial complexes
Korea Mart E&C$40M+, buildings
Others$20M+, civil works and equipment
Details of Major Projects
01
LNG Combined-Cycle Power Plant (Korea E&C)
An EPC project for a 600MW-class LNG-based combined-cycle power plant in the Matarbari area. The project includes two gas turbines, HRSG units, and a steam turbine, aligning with Bangladesh’s gas-to-LNG transition policy. Financing is backed by JICA loans, and the project also supports exports of Korean power equipment.
02
Dhaka Metro MRT Line 6 Section (Korea Construction B)
Korea Construction B secured civil works for part of Dhaka Metro MRT Line 6. The package covers viaduct piers, girders, and station structures for an elevated section of roughly 12 km, financed by the Asian Development Bank. It is a core project for easing Dhaka’s severe traffic congestion.
03
Bangladesh Economic Zone Infrastructure (Korea Corp E&A)
Korea Corp E&A won an EPC contract for utility infrastructure including power, water treatment, and roads in an economic zone overseen by BEZA. The project covers industrial water treatment facilities as well as internal roads and drainage systems, funded through EDCF loans.
04
132kV Transmission Line Construction (Korea Hanwha E&C)
This project involves construction of a roughly 150 km 132kV transmission line ordered by PGCB. The scope includes tower design, fabrication, installation, conductor stringing, and substation interconnection. It is financed by the ADB and creates linkage opportunities for exports of Korean transmission equipment.
Analysis of Order Trends
Overseas Construction Order Trends in 2021
| Trend | Description | YoY | Outlook |
|---|---|---|---|
| LNG Transition | More awards for gas-to-LNG power plants | +50% | Continued expansion |
| Metro Projects | Multiple Dhaka MRT packages moving ahead | +30% | 2-3 more lines |
| Economic Zones | Infrastructure awards in BEZA zones | New | 100 zones planned |
| EDCF Linkage | Use of Korean ODA financing | +20% | Expansion likely |
| Intensifying Competition | More participation by Chinese and Indian firms | Increasing | Price pressure |
Order Acquisition Flow
Overseas Construction Bidding Process in Bangladesh
Project Intelligence
ICAK and KOTRA
→↓
PQ Participation
Prequalification
→↓
Bid Submission
Technical plus price
→↓
Evaluation and Award
Price and capability
→↓
Contract and Execution
EPC delivery
In 2021, the Bangladeshi overseas construction market continued to generate new opportunities for Korean firms, centered on LNG conversion and transport infrastructure investment. Success increasingly depends on linking to multilateral financing and differentiating on engineering and execution capability.
Three-Year Time-Series Analysis of Overseas Construction Orders (2020-2023)Review changes in order trends and sector composition from 2020 to 2023
Detailed Project Order Review as of August 2021See project-level details and contract terms for major awards
overseas constructionorder performance2021constructioninfrastructure