
AI-generated summary
Since 2017, Ssangyong Engineering & Construction has successfully carried out projects worth more than 1 trillion won, including the Hyatt Centric Hotel and One Residence ordered by Wasl Group.
Ssangyong Engineering & Construction announced on the 5th that it signed a memorandum of understanding (MOU) with Wasl Group, Dubai's largest real estate development and operation company, to promote a 3.6 trillion won project.
Wasl Group plans to pursue projects with a total project cost of 3.6 trillion won, including residential facilities, hotels, and mixed-use development.
Accordingly, it is reported that Ssangyong Engineering & Construction first conveyed its wish to take charge of the construction and engineering aspects of this project.
Ssangyong Engineering & Construction plans to use this MOU as an opportunity to discuss specific contract progress.
Since 2017, Ssangyong Engineering & Construction has successfully carried out projects worth more than 1 trillion won, including the Hyatt Centric Hotel and One Residence ordered by Wasl Group.
Kim Woong-ki, Chairman of Global SeAH Group, said, “It is very meaningful to be able to cooperate with Wasl Group’s next-generation development project and contribute to the mid- to long-term development and prosperity of Dubai based on the abundant construction experience and technological capabilities accumulated by Ssangyong E&C.”
AI outlook — possibilities, not facts
A specific business contract will be signed between Ssangyong Engineering & Construction and Wasul Group.
Likely · Within months

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