HanmiGlobal Accelerates Middle East Expansion with Consecutive Project Wins in Kuwait and Saudi Arabia

Total Contract Value: 47 Billion KRW

HanmiGlobal, a company specializing in construction project management (PM), is accelerating its overseas business expansion by securing consecutive contracts in the Middle East.

On September 25, HanmiGlobal announced that it had simultaneously won three residential and infrastructure construction projects commissioned by the Public Authority for Housing Welfare (PAHW) in Kuwait, as well as the 'Green Riyadh' project in Saudi Arabia. The total value of these contracts is approximately 47 billion KRW, which accounts for 19% of last year's overseas sales (on a consolidated basis).

In Kuwait, HanmiGlobal will be responsible for supervision and consulting services for three projects, which include the construction of 1,600 residential units, public buildings, roads, lighting, and other infrastructure. The project site is Abdullah City, a new city three times the size of Bundang District in Seongnam, Gyeonggi Province, and is being promoted as a symbol of 50 years of construction cooperation between Korea and Kuwait. It is regarded as a leading example of exporting the Korean smart city model. Since last year, HanmiGlobal has been in charge of program management (PgM) for the infrastructure development of this new city, and its proven management capabilities have led to these additional contracts.

Aerial view of Abdullah City, Kuwait. HanmiGlobal

In Saudi Arabia, HanmiGlobal secured the project management contract for Group 7 of the 'Green Riyadh' project, led by the King and Crown Prince. This initiative aims to plant 7.5 million trees across Riyadh by 2030 and expand green spaces to elevate the city into the world's top 100 most livable cities. The total project cost amounts to 10 billion USD (approximately 14 trillion KRW), and HanmiGlobal will be responsible for the overall management, supervision, and quality control of the Group 7 area (22 square kilometers).

Since entering Saudi Arabia in 2006, HanmiGlobal has carried out major projects such as the construction of worker accommodations for Neom City (80,000 units) and project management for an 87-story high-rise apartment in Mecca. These consecutive contract wins are seen as further solidifying the company's position in the Middle East.

A HanmiGlobal representative stated, "The Middle East is a market with abundant demand for infrastructure and smart cities, fueled by oil money. HanmiGlobal plans to continue expanding its business based on the trust and proven competitiveness it has built up in the region over the years."

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