The state concern Türkmenhimiýa has signed a contract with South Korea’s Daewoo Engineering & Construction Co., Ltd. to design and build a fertilizer production complex at the S. Niyazov Chemical Plant in Turkmenabat, as reported by Turkmenistan’s news agency on Sunday.

The new facility will specialize in the production of phosphate fertilizers and ammonium sulfate. Construction is expected to be completed by 2029. The project is seen as a significant contribution to the development of the country's industrial and agricultural infrastructure.

The agreement reflects Turkmenistan’s commitment to sustainable development and its openness to cooperation with major international investors and contractors in the field of high-tech construction.

Daewoo E&C is one of South Korea’s largest engineering and construction companies. In October 2023, it opened a branch office in Ashgabat, strengthening its position in the Turkmen market.