Daewoo-led consortium unveils Riyadh’s Dahyat Alfursan master plan

16/05/2017 Argaam

The Daewoo E&C Consortium has unveiled the master plan for the $20 billion Dahyat Alfursan New City project in Riyadh, the company said in a statement.

 

The contract for the project, which is jointly implemented by the Saudi government and the Daewoo E&C-Hanwha E&C-SAPAC Consortium, will be signed soon.

 

In March, two South Korean companies signed a memorandum of understanding (MoU) with Saudi Arabia’s housing ministry to build a new city with 100,000 houses in the kingdom at a total cost of $18 billion to $20 billion.

 

Daewoo E&C and Hanwha E&C Corp. will join a consortium led by SAPAC, a Saudi-based builder, to construct the new city, which will be located 14 kilometers east of Riyadh’s King Khalid International Airport, known as Dahyat Alfursan.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.