Housing Ministry Signs MoU with Saudi-Korean Consortium to Develop 100.000 Housing Units

  • 2/10/2023
  • 15:22
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Seoul, Jumada II 15, 1437, Mar 24, 2016, SPA -- Majed bin Abdullah Al-Huqail, Minister of Housing, signed here today a memorandum of understanding between the Saudi Ministry of Housing and the South Korean Ministry of Land, Transport and Infrastructure. The MoU included exchanging expertise, visits and holding workshops, conferences and forums helping the Saudi Ministry of Housing to achieve a quantum leap in providing housing products for the Saudi citizens. Another MoU was inked between the Saudi Ministry of Housing and Saudi-South Korean consortium to develop 100.000 housing units during coming 10 years in the north of Riyadh city. The Saudi-South Korean consortium included two major South Korean companies, Daewoo Engineering & Construction Co. and Hanwha Engineering and Construction Corp., and Saudi company, Pan Kingdom Company (SAPAC). --SPA 17:37 LOCAL TIME 14:37 GMT www.spa.gov.sa/w

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