Ssangyong Construction Secures Sole Office Construction Contract Worth 320 Billion KRW in UAE

Perspective view of the Immersive Tower in Dubai, United Arab Emirates (UAE), contracted by Ssangyong Engineering & Construction. Provided by Ssangyong Engineering & Construction

Ssangyong Engineering & Construction announced on the 22nd that it has independently secured a 320 billion KRW office building construction project in Dubai, United Arab Emirates (UAE).

The project involves constructing one Immersive Tower located in the Dubai International Financial Centre area. It will be built with 3 basement floors, 36 above-ground floors, and a total floor area of 114,474 square meters. The building will be certified with the highest level of the global eco-friendly building standard, LEED Platinum.

The project was commissioned by the Dubai International Financial Centre (DIFC). Through this contract, Ssangyong E&C evaluated that it has secured additional investment destinations alongside Dubai Investment Corporation (ICD), WASL, and Emaar. DIFC, established in 2004, has become a leading financial institution in the Middle East, Africa, and Asia regions.

A Ssangyong E&C official stated, "Thanks to the top-level construction quality Ssangyong E&C has demonstrated in Dubai so far, we secured the project even without offering the lowest construction cost," adding, "We expect an expansion of orders in the high-end construction sector, which is our strength."

Meanwhile, Ssangyong E&C first entered Dubai in 1997 and has been conducting projects worth approximately 4.2 trillion KRW through a total of 15 projects to date.

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