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Sunday, 22 November 2009 04:38 UAE time

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Sungwon squares up to its latest contract win

by ArabianBusiness.com staff writer  on Saturday, 01 March 2008

South Korean contractor Sungwon Corporation has won a contract worth US $82 million (AED 300 million) to build The Cube, a 26-storey hotel apartment building in Dubai Sports City.

The client is German developer BMG Middle East Development.

It marks the second big win in a week for the South Korean construction company, following its securing of the contract to build the Silver Star Tower, a $108 million office tower for Germany's Trend Capital in Business Bay.

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READER COMMENTS

  1. UAE announces Eid and National Day holidays 02
    21 Nov ' 09 at 10:22
    Is it any wonder that Emiratis are reluctant to work in the private sector? One day extra and no request for early payment of salaries.   More  »
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    21 Nov ' 09 at 14:10
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    21 Nov ' 09 at 11:37
    this is great news really makes sense, especially since Small & Medium Enterprises actually make UAE. I sincerely hope that this is...   More  »

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