April 04, 2017
The group of builders, from both the private and public sectors, will be led by Hyundai Architects and Engineers Associates Co. and POSCO A&C.
If all planning schematics are approved on time, construction would begin in 2019, said the news statement.
The prospective city, which has been named South Saad Al-Abdullah, will cover an area of 15,913 acres in size and is expected to provide accommodations for 25,000 - 40,000 families.
"It is the first export of the ’smart city’ project which has been strongly pushed by the Ministry," the Kuwait government said in a statement, referring to an initiative to replicate the South Korean city of Bundang.
“This will be the first case of exporting a Korean version of a smart city abroad,” Kim Seok-ki, a director for South Korea’s Transport Ministry, said. “The economically-active population in the Middle East is growing a lot faster than other regions in the world and we expect that the demand for the new cities will remain high in the region. Korean companies will be able to take more major roles in city planning projects in the Middle East further from now on.”