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.

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