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Daewoo wins order from Saudi Arabia

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작성자 관리자 작성일21-10-11 12:01 조회127회 댓글0건

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Daewoo Engineering & Construction Co., South Korea’s fourth-largest builder, said Wednesday it has clinched a $330 million order to build a residential complex in western Saudi Arabia.


Under the deal with the Kele Saudi Arabia Ltd., Daewoo Engineering will construct 360 residence units for 7,200 households in a new town at the coastal city of Jeddah.

The construction is scheduled to be completed by February 2016, the builder said.

The Saudi government is pushing for a $67 billion housing project to build 500,000 new homes by 2014 in a bid to meet the country’s growing demand.

Daewoo Engineering has won overseas orders worth $3.9 billion so far this year. 

(Yonhap News) 

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