The established company will be created in accordance to Kuwaiti law
Kuwaits Public Authority for Housing Welfare (PAHW) has signed a memorandum of understanding (MoU) with South Koreas Land and Housing Corporation.
The agreement is to form a joint construction company in Kuwait, according to a statement published on Kuwaits 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 Kuwaits 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 developments first infrastructure works package. The scope includes roads, highways and landscape works.
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