Samsung C&T to invest $6.5 billion over three years
An employee enters the Samsung C&T construction division headquarters in Seongnam, Gyeonggi Province. Samsung C&T plans to invest up to $6.5 billion during the next three years to foster future growth engines. File Photo by Yonhap.
SEOUL, Feb. 19 (UPI) — South Korea’s Samsung C&T said Thursday it would invest up to $6.5 billion during the next three years to nurture future growth engines.
Samsung C&T is a diversified Samsung affiliate that builds major infrastructure, trades global materials and energy, and operates fashion and resort businesses.
Through 2028, the Seoul-based company is scheduled to allocate between $4.5 billion and $5.2 billion to next-generation growth areas, including energy and bio. However, it did not disclose further details.
In addition, Samsung C&T plans to spend a maximum of $1.3 billion to beef up competitiveness in its existing operations by shifting toward a high-margin business model and expanding into overseas markets.
The firm also unveiled a three-year plan to raise its dividend per share by 25%.
“Over the next three years, we will focus on delivering results from growth businesses centered on energy and bio while strengthening our existing portfolio,” Samsung C&T said in a regulatory filing.
“On the back of a stable financial structure, we strive to pursue investments in future growth areas alongside shareholder returns,” it added.
The construction unit is one of the country’s leading contractors. It was lead builder of Dubai’s Burj Khalifa in the United Arab Emirates, the world’s tallest skyscraper.
The company saw its 2025 operating profit rise 10.4% to $2.27 billion, while annual sales edged down 3.2% to $28 billion year-on-year.
The share price of Samsung C&T climbed 0.47% on the Seoul bourse Thursday.