With a project value of $10,000 million, the Samsung – Pyeongtaek P4 Chip Production Plant – Gyeonggi-do project was the largest construction project in South Korea, on which construction started in Q1 2022. The Samsung – Pyeongtaek P4 Chip Production Plant – Gyeonggi-do project is located in South Korea and initially announced in Q1 2021 with an estimated completion in Q2 2024. The CPPIB/PACIFIC AMC/Dreammark 1/GS Retail/SIC – The Jukjeon Data Center – Gyeonggi-do project was the second-largest project with a project value of $660 million, on which construction work started in Q1 2022. The CPPIB/PACIFIC AMC/Dreammark 1/GS Retail/SIC – The Jukjeon Data Center – Gyeonggi-do project is located in Seongnam-si, South Korea and initially announced in Q3 2021 with an estimated completion in Q2 2024.
The Equinix/GIC – Seoul xScale Data Centers – South Korea project was the third-largest project, the LG Chem/Tianjin B&M – Gumi Cathode Material Manufacturing Plant – Gyeongsangbuk-do was the fourth-largest project, and the Hyundai E&C – Hyundai Sungwoo 8 Apartment Redevelopment – Gyeonggi-do Province was the fifth-largest project with a project value of $525 million, $424 million and $306 million respectively. The Equinix/GIC – Seoul xScale Data Centers – South Korea project located in Seoul(CITY), South Korea was announced in Q2 2021 with an estimated completion in Q3 2025, the LG Chem/Tianjin B&M – Gumi Cathode Material Manufacturing Plant – Gyeongsangbuk-do project located in Gumi, South Korea was announced in Q1 2019 with an estimated completion in Q4 2024 and the Hyundai E&C – Hyundai Sungwoo 8 Apartment Redevelopment – Gyeonggi-do Province project located in South Korea was announced in Q1 2020 with an estimated completion in Q1 2027.
Among the five largest projects, the Hyundai E&C – Hyundai Sungwoo 8 Apartment Redevelopment – Gyeonggi-do Province project is the longest in terms of completion date, with construction expected to be completed in Q1 2027. On the other hand, the CPPIB/PACIFIC AMC/Dreammark 1/GS Retail/SIC – The Jukjeon Data Center – Gyeonggi-do project is the shortest in terms of completion date, with construction expected to be completed in Q2 2024.
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