Kuwait signs agreement with South Koreans for housing scheme

22 May 2016

The established company will be created in accordance to Kuwaiti law

Kuwait’s Public Authority for Housing Welfare (PAHW) has signed a memorandum of understanding (MoU) with South Korea’s Land and Housing Corporation.

The agreement is to form a joint construction company in Kuwait, according to a statement published on Kuwait’s state news agency Kuna.

The established company will be created in accordance to Kuwaiti law and will be mandated to plan, design and construct up to 30,000 housing units in Saad al-Abdullah City in Kuwait, said the statement.

The Kuwaiti government is developing other housing schemes. MEED reported in early May that US-based Hill International has been selected to undertake the project management consultancy (PMC) for Kuwait’s first smart city development, the 104-square kilometre South Al-Mutlaa City. An Italian/local team of Salini Impregilo and Yousef Yahya Almatrouk has also submitted a low offer, at KD288m ($957m), for the development’s first infrastructure works package. The scope includes roads, highways and landscape works.

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