Wednesday, April 5, 2017

South Korean firms to build smart city in Kuwait

A consortium of South Korean construction companies will build an eco-friendly $4 billion residential city in Kuwait, South Korea's infrastructure ministry has said.

The consortium, led by Posco A&C and Hyundai Architects and Engineers Associates Co, plans to build the smart city that is environmentally friendly, well-organised and connected, Yonhap news agency said quoting the Ministry of Land, Infrastructure and Transport statement.

The smart city will accommodate 25,000 to 40,000 households and construction is expected begin in 2019.

The South Korean government will help form the consortium in 2018 and set up a special purpose company in 2019 to push forward the project.

"It is the first export of the 'smart city' project which has been strongly pushed by the ministry," the statement said.

The Kuwaiti project can pave the way for winning similar eco-friendly city construction projects in the Middle East, it said.



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