Korean builders showing interest in eco-friendly city project in UAE

-

 



Korean construction companies are paying more attention to a large environmentally friendly city project in the United Arab Emirates The project is called Masdar City. It aims to be one of the world's first zero carbon, zero waste, and car-free cities that uses only renewable energy. 


Masdar City has a total budget of 28 trillion won to build. It is the largest development currently taking place in the UAE. The presidents of Korea and UAE discussed more cooperation during their recent meeting. Korean companies believe this could lead to more construction orders from the UAE.


Many Korean builders already have experience working on projects in the UAE. Large companies like Samsung and SK group are involved in various infrastructure developments. This means they have local knowledge and connections that may help win new contracts. The Korean government is also trying to support companies with opportunities in Masdar City and other projects in areas like hydrogen and renewable energy.


Most experts think Masdar City is a realistic target for Korean builders to obtain deals. The first phase is complete and follow up work is scheduled. In comparison to other big projects, it seems development is progressing steadily. Companies will look to capitalize on their experience in the UAE and relationships formed with decision makers.

Comments

Post a Comment

Popular posts from this blog

14 incredible places in the UAE you need to visit at least once

-
Image
  United Arab Emirates is one of the most beautiful country to visit. Anyone who came here to visit once they always want to come here again, because here are so many places to visit and make your days memorable, but there are so many people doesn’t even know about it. Here are these places of UAE 🇦🇪 people must visit once in life. Snoopy Island, Fujairah : Snoopy Island is a marine paradise offering some of the best snorkeling in the GCC. Turtles, fish every colour of the rainbow, and even little white-tip reef sharks have made this sparkling cerulean sea their home. Aquaventure Waterpark, Atlantis The Palm Aquaventure is a Dubai day out worth braving the summer heat for. Across three super-sized towers there’s more than 100 rides to discover, whether you’re just looking to chill out on the rapids, or face your fears on The Leap Of Faith. Jebel  Ras al Khaimah Jebel Jais  is the highest mountain peak in the region and is home to a number of fun adventurous activities. ...
Read more

UAE, Pakistani FMs discuss cooperation, strategic partnership

-
Image
  His Majesty Sultan Haitham bin Tariq of Oman's state visit to the UAE signifies a pivotal moment in the longstanding bilateral ties between the two nations, ushering in a new chapter of cooperation and mutual understanding. Today, amidst the grandeur of Abu Dhabi's Sheikh Zayed Grand Mosque, Sultan Haitham was graciously welcomed by Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence, exemplifying the spirit of hospitality and friendship that characterizes relations between Oman and the UAE. Against the backdrop of this architectural marvel, Sultan Haitham offered prayers for the continued progress and prosperity of both countries and their people, reflecting the shared aspirations for peace, stability, and development in the region. His visit serves as a testament to the deep-rooted historical, cultural, and strategic bonds between Oman and the UAE, reaffirming their commitment to enhancing cooperation across various sectors. As Sultan Haitham engages ...
Read more

Pakistan's President Expresses Gratitude to Allies Amid Economic Challenges

-
Image
In a recent address to a joint session of Pakistan's parliament, President Asif Ali Zardari expressed profound gratitude towards Saudi Arabia, the United Arab Emirates (UAE), and Turkiye for their unwavering support during Pakistan's economic hardships. He emphasized the nation's commitment to strengthening historical, cultural, and economic ties with these nations. The president highlighted that debt rollovers from allies like Saudi Arabia, the UAE, and China have been pivotal in securing financial assistance from the International Monetary Fund (IMF). These commitments facilitated the approval of a $7 billion IMF program last year, currently undergoing its first review. Additionally, Saudi Arabia and the UAE have extended support through loans and deferred oil payments, providing crucial relief to Pakistan's economy. Addressing domestic issues, President Zardari acknowledged the recent surge in militancy, particularly in the Balochistan and Khyber Pakhtunkhwa province...
Read more