Kuwait imports smart city models from Korea. The cost of the city will be $4 billion

Posted in

Kuwait seeks to implement smart cities and their applications for infrastructure, as it intends to build a city south of Saad Al-Abdullah at a cost of 4 billion dollars, equivalent to one billion and 200 thousand Kuwaiti dinars, where the project includes planning and engineering design services, proposing residential models, designing the energy system and analyzing the economic feasibility of the new city on a total area of 59 km2.

The Kuwaiti Housing Authority has completed its coordination with the Korean Housing and Construction Company in the application of smart residential city models.

In addition, the Kuwait Housing Authority finalized its coordination with the Korean Housing and Construction Company in the application of smart residential city models, indicating that all obstacles and difficulties related to the conditions to qualify the companies concerned with the task have been removed.

A source revealed that the project includes planning and engineering design services, proposing residential models, and designing the energy system and the economic feasibility of the new city. A source at the Housing Corporation revealed that the Board of Directors is studying a mechanism through which the plots of the South Saad Al Abdullah project will be granted to local and international real estate developers, in partnership and cooperation with the Republic of South Korea.

The source said that the direction of the Kuwaiti government is to coordinate with the Korean Housing and Construction Company in applying smart residential city models. <The source said that the organization's direction in the process of building housing and distributing vouchers is linked to the design plan for the project, which is still in the first steps of implementation through the Korean company in cooperation with the planning and design sector in housing. According to the source, the final planning contract is scheduled to be signed with the winning company next month for a period of two years, with the initial features to appear in the second quarter of 2018.