Samsung C&T's construction division has announced a partnership with Japanese infrastructure firm Infronia Holdings to expand global infrastructure development and public-private partnership (PPP) projects.
On July 1, Samsung C&T revealed that it had signed a memorandum of understanding with Infronia Holdings to pursue strategic collaboration in global infrastructure development, concessions, and PPP projects. The signing ceremony took place on June 30 at Infronia Holdings' headquarters in Chiyoda, Tokyo, attended by key officials from both companies, including Kibe Kazunari, President of Infronia Holdings, and Oh Se-cheol, CEO of Samsung C&T.
Concessions involve securing operational rights for public infrastructure, while PPP projects combine public funds with private investment for development. Infronia Holdings is a leader in Japan's concession and PPP markets, managing all aspects from infrastructure development to construction, operation, and maintenance.
Through this agreement, the two companies aim to collaborate on domestic and international development and concession projects, jointly pursue overseas PPP initiatives, engage in co-investment, and exchange technical personnel.
Samsung C&T plans to leverage its experience in engineering, procurement, and construction (EPC) along with its global network, while Infronia Holdings will contribute its expertise in infrastructure operation and development in Japan to identify new business opportunities.
As the global construction market evolves from a focus on simple construction to a developer-oriented model encompassing investment, development, and operation, this collaboration is expected to broaden their strategies for entering overseas infrastructure markets. The companies are also exploring potential cooperation in the fields of eco-friendly energy infrastructure and smart cities.
Oh Se-cheol, CEO of Samsung C&T, stated, "By combining Infronia Holdings' expertise in investment and development with Samsung C&T's global operational experience, we expect to create diverse business opportunities in Japan and the global market."
Meanwhile, Samsung C&T is expanding its presence as a global developer by participating in PPP projects, including highway development in Turkey. In Japan, it has established a local subsidiary, Samsung C&T Investment, to broaden its investment, development, and operation activities in the infrastructure sector.
* This article has been translated by AI.
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