[
THE INVESTOR] Korea Land & Housing Corporation won a 4 trillion won (US$3.66 billion) project to build the first smart city in Kuwait on Aug. 5, it announced Aug. 16.
KLHC will construct a new smart and environmentally friendly city named South Saad Al-Albullah spread over a site of 59 square kilometers to accommodate up to 40,000 housing units.
KLHC holds a presentation on the Kuwait smart city project. The Investor / Lee Sang-sub
Located 30 kilometers west of the capital, it will combine information and communications technology with state-of-the-art housing and urban engineering. It is the first of nine new cities to be built in the Middle Eastern country.
The South Korean Ministry of Land and Transportation signed a memorandum of understanding with the Kuwaiti Ministry of State for Housing Affairs in March that included the local government financing infrastructure and purchasing sites and housing that fail to sell.
By Hwang You-mee (
glamazon@heraldcorp.com)
