Samsung C&T, a unit of South Korea’s Samsung Group specializing in construction and trading, is moving to reestablish its presence in Peru, setting its sights on the country’s railway sector as its first major project.
According to Peru’s Ministry of Economy and Finance investment agency, ProInversión, Samsung C&T met with the agency’s technical team last month to present new technology services designed to optimize railway routes. ProInversión has been exploring options to improve public transportation through expanded rail infrastructure.
The meeting marked Samsung C&T’s first significant step toward returning to the Peruvian market since its previous attempt in 2012.
In April, the company began hiring locally, posting openings for managerial and marketing positions.
Peru has emerged as an appealing investment destination in Latin America thanks to its rich natural resources, stable foreign reserves, and relatively strong economic growth.
The Peruvian government is currently advancing about $14.4 billion in public-private partnership projects through next year, with key sectors including roads, ports, water resources, education, healthcare, and agriculture.
Last year, Peru hosted an infrastructure investment forum in Seoul that brought together Samsung C&T, Samsung Engineering, Hyundai Engineering & Construction, and Korea Airports Corporation to discuss potential collaborations.
