VOL. XLIV

No. 08

19-February-2001

LIBYA

South Korea Promises To Complete Work On GMR Despite Dong-Ah Bankruptcy

Libya has received assurances from the Government of South Korea that construction work undertaken by Dong-Ah Engineering and Construction Company Ltd on Libyas Great Man-made River (GMR) project will not suffer as a result of the firms bankruptcy. Dong-Ah, the fifth-largest engineering and construction company in South Korea, declared bankruptcy and went into receivership last November...