HanmiGlobal Wins Construction Management Contract for Saudi 'NEOM Smart City' Project

[Asia Economy Reporter Ryu Tae-min] Construction project management (PM) company HanmiGlobal announced on the 1st that it has won the special overall program management contract for the 'NEOM The Line' project, part of Saudi Arabia's 'NEOM Smart City' initiative.

The NEOM The Line project involves building a new city shaped like a belt in the center of NEOM, designed to house a population of one million. It will be developed as an eco-friendly city with all infrastructure, including transportation, underground.

HanmiGlobal will be responsible for ▲establishing project management and operation structures ▲project resource management ▲internal management related to development and design ▲supervising the implementation of client instructions ▲establishing project data management plans for the NEOM The Line project. The contract amount is approximately 2.6 billion Korean won. HanmiGlobal evaluated that having managed over 20 projects in Saudi Arabia so far was the foundation for winning this contract.

Kim Jong-hoon, Chairman of HanmiGlobal, said, “Since our overseas expansion in 2003, we have steadily accumulated excellent construction project management capabilities and technical skills, which were recognized and led to this good result.” He added, “We hope this contract will serve as a foothold for Korean construction companies to enter the market, and we look forward to the Korean government and private companies entering the NEOM City project as Team Korea and achieving good results.”

This content was produced with the assistance of AI translation services.