S Korean builder upbeat on US$20b Saudi housing deal
Seoul
A SOUTH Korean construction firm that jointly won a US$20 billion housing deal with Saudi Arabia said on Monday it was confident the project would go ahead despite the impact of slumping oil prices on the Gulf nation's coffers.
Under the deal, for which a memorandum of understanding was signed in Seoul last week, a three-party consortium will build 100,000 housing units and related infrastructure for a new town near the capital Riyadh over the next 10 years.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Half of German housing construction firms short on orders
China’s housing mess finally hits Xi’s interest
A way to beat high mortgage rates is to take over someone else’s loan
With China’s property market struggling, India, South Korea and Vietnam are hot
Shophouse sales surge and at higher prices in Q1 as high-net-worth investors return: Knight Frank
Sony’s plans for Paramount include sale of famous studio lot