Diriyah Gate Development Authority (DGDA) of Saudi Arabia has awarded a $34m project management contract to South Korea-based HanmiGlobal for an important project in Diriyah region.
DGDA is investing around $20bn for the construction of luxury villas, townhouses, community centres, resorts, hospitals and shopping centres in Diriyah, reported TradeArabia.
Go deeper with GlobalData
Diriyah was the original home of the Saudi royal family.
HanmiGlobal will be responsible for overseeing the construction work of residential and office buildings in the Diriyah South & Garden District, according to a report of Korea Times.
HanmiGlobal chairman Kim Jong-hoon was quoted by TradeArabia as saying: “Consecutively winning orders for large construction project managements, HanmiGlobal has created new opportunities in Saudi Arabia.”
Kim added: “We hope that we will be able to continue showing our excellence in construction management, and that the Korean government and domestic companies will team up to enter Saudi Arabia and perform well.”
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataIn June, the Korean construction management firm secured a $11.9m order from Roshn, which is a state-run real estate developer in Saudi Arabia.
Under this contract, it is responsible for managing the construction work of a residential complex in Riyadh.
Since 2021, the Korean company has also been involved in Neom smart city project.
———————————————————————————————————————
Image: HanmiGlobal is responsible for supervising the construction of residential and office buildings in the Diriyah South & Garden District. Credit: Hands off my tags! Michael Gaida from Pixabay.
