South Korea to build $4 billion eco-friendly residential city in Kuwait
A consortium of South Korean construction companies will build an eco-friendly $4 billion residential city in Kuwait, the South Korean infrastructure ministry has announced.
Led by Posco A&C and Hyundai Architects and Engineers Associates Co, the eco-friendly residential city will also incorporate "smart" technology to build a smart city that is environmentally friendly, well-organised and connected, according to Yonhap news agency report - quoting a statement from the Ministry of Land, Infrastructure and Transport.
The smart city will accommodate 25,000 to 40,000 households, with construction scheduled to begin in 2019.
The government of South Korea will help form the consortium in 2018, and will set up a special purpose company in 2019 to help push the project forwards.
Last year, an index released by Navigant, a global research firm, found that Dubai was the Middle East’s leading smart city.
The Smart Cities Index was commissioned by Huawei with the aim of understanding the level of readiness of cities in the Middle East for the next level of smart city adoption and deployment, a statement said.
Source: Construction News