HanmiGlobal Wins 44 Billion KRW Project Management Contract for Saudi Residential Complex
'Saudi Diriyah South and Garden' Residential Complex Master Plan / Photo by HanmiGlobal
View original image[Asia Economy Reporter Hwang Seoyul] HanmiGlobal announced on the 4th that it has won the PM service contract for a large-scale residential complex development project promoted by the Saudi Arabian government.
The client is the Diriyah Gate Development Authority (DGDA), chaired by Crown Prince Mohammed bin Salman of Saudi Arabia. HanmiGlobal stated that it has received a Letter of Award (LOA) from DGDA specifying the contract amount, deadline, and scope of work. The contract amount is 44 billion KRW, which corresponds to about 16% of HanmiGlobal's consolidated sales last year.
Hot Picks Today
While Samsung Falters, China Rises: "Chinese DRAM" Turns a Profit in Just One Year
- "Most Americans Didn't Want This"... Americans Lose 60 Trillion Won to Soaring Fuel Costs
- "Striking Will Lead to Regret": Hyundai-Kia Employees Speak Out... Uneasy Stares Toward Samsung Union
- "That? It's Already Stashed" Nightlife Scene Crosses the Line [ChwiYak Nation] ③
- "If You Booked This Month, You Almost Lost Out... Why You Should Wait Until 'This Day' Before Paying for Flight Tickets"
DGDA plans to develop luxury villas, townhouses, community centers, and resorts in the Diriyah area. HanmiGlobal has won the PM service contract for the residential, commercial, and office complex development in the Diriyah South and Garden area, and will carry out project management, operation planning, and design management until 2027.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
