Hanwha and Daewoo receive USD 20bn Saudi housing deal
29 Mar 2016
(MENAFN) A three-party group, involving Hanwha Engineering & Construction, delivered a USD 20bn project to build 100,000 homes in Saudi Arabia.
Furthermore, the housing development plan will mark the huge project that a Korean builder settled from a foreign country.
Accordingly, the firms will supply 100,000 houses and city infrastructure in Alfursan near the Riyadh Intl’ Airport, which will be a landmark for Korea.
In addition, the visit of Saudi Housing Minister will help the firm win other housing projects value USD 400bn encouraged by the Saudi government.