South Korean companies to build US$ 4 bn eco-friendly residential city in Kuwait

Posted on 6th April 2017

A consortium of South Korean construction companies will build a $4 billion eco-friendly residential city in Kuwait, South Korea's infrastructure ministry has said.

Pic courtesy: Yonhap Pic courtesy: Yonhap

The consortium, led by Posco A&C and Hyundai Architects and Engineers Associates Company, plans to build the smart city that is environmentally friendly, well-organised and connected, Yonhap news agency said quoting the Ministry of Land, Infrastructure and Transport statement, according to Tradearabia news report.

The smart city will accommodate 25,000 to 40,000 households and construction is expected begin in 2019, according to Tradearabia news report.

The South Korean government will help form the consortium in 2018 and set up a special-purpose company in 2019 to push forward the project.

"It is the first export of the 'smart city' project which has been strongly pushed by the ministry," the statement said.

The Kuwaiti project can pave the way for winning similar eco-friendly city construction projects in the Middle East, it said.

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