Korea Land and Housing Corp. (LH) has bid for the South Saad Al Abdullah New City project in Kuwait, which is considered the first Korean smart city export model.
The state-run company said on Oct. 11, “The Public Authority for Housing Welfare (PAHW) of Kuwait asked to ease the prequalification for the bid by reason that it is difficult for foreign firms, which seek to jointly participate in the bid with Korean companies, to fulfill the qualification in a short period of time of 2 months. In this regard, we talked with the Kuwait government and officially canceled the tender on the 5th.”
LH has started an international bidding to draw up a master plan and final design service plan of the South Saad Al Abdullah New City project in Kuwait in August. The services include city planning and civil engineering design, model residential complex construction design, information and communication design, power system design and feasibility analysis for the new city.
The company plans to talk with the PAHW of Kuwait over the prequalification for the bid and range of tasks, restart the bidding procedure by the end of this month, select a preferred bidder by the end of the year and then sign a service contract in February next year.
The new city will be spread over an area of 59 square kilometers, 40 kilometers west of the center of Kuwait, at an estimated cost of US$4 billion (4.5 trillion won). The Kuwait government will pay for the entire service fees worth 34.8 billion won (US$30.96 million).