KOROR (Palau Horizon) — Guam Advance, a sub-contractor of Daewoo Corp., has applied for a foreign investment approval certificate to enable the firm to participate in other projects in Palau. Guam Advance has been a Daewoo subcontractor for the Compact Road project and specializes in electrical and mechanical work.
Guam Advance wants to obtain a foreign investment approval certificate to increase its participation in public and private projects in the country.
The firm wants to participate in the construction of the new airport terminal building.
Guam Advance is now involved in detailed discussions with the principals of the project.
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