Construction
Kolon Global wins $226 mn contract for Mongolian public housing project
The company awards the bid for Ulaanbaatar Solongo 1 and 2 public housing projects commissioned by the Mongolian gov't
By Aug 04, 2023 (Gmt+09:00)
1
Min read
Most Read
S.Korea's LS Materials set to boost earnings ahead of IPO process
![close](/images/ico/eyes/close.png)
![open](/images/ico/eyes/open.png)
Galaxy Ring, new foldables set to steal the show at Samsung Unpacked Paris
![close](/images/ico/eyes/close.png)
![open](/images/ico/eyes/open.png)
POSCO gears up for carbon-free steelmaking with hydrogen
![close](/images/ico/eyes/close.png)
![open](/images/ico/eyes/open.png)
SK Inc. in talks to sell Pharmteco’s US CDMO plant to Novo Nordisk
![close](/images/ico/eyes/close.png)
![open](/images/ico/eyes/open.png)
South Korea sets sights on fostering EDA tech to win HBM chip war
![close](/images/ico/eyes/close.png)
![open](/images/ico/eyes/open.png)
![Kolon Global wins 6 mn contract for Mongolian public housing project](https://www.kedglobal.com/data/ked/image/2023/08/04/ked202308040028.700x.0.jpg)
South Korea's Kolon Global Corp. announced on Friday that it has won a public housing construction project in Mongolia worth 295.7 billion won ($226 million).
The company received on the same day the bid award notice for the Ulaanbaatar Solongo 1 and 2 public housing construction projects commissioned by the Ministry of Construction and Urban Development.
The first phase involves 2,712 housing units (94,596 square meters) with a total value of 160.5 billion won ($122.7 million). The second phase consists of 2,290 housing units (77,344 square meters) valued at 135.2 billion won ($103.3 million). In total, there will be 5,002 housing units, and each construction phase will take 41 months.
"Ulaanbaatar is an area with a high population density, with over half of Mongolia's population residing there. It is a place where the need for new city development is rising," a Kolon Global source said. "We aim to establish a premium brand image among the Mongolian population, which will be a cornerstone for successful future projects in the region,"
Write to Jin-Woo Park at jwp@hankyung.com
More to Read
-
BatteriesDoosan Fuel Cell teams up with Kolon Global for hydrogen fuel cell
Mar 23, 2023 (Gmt+09:00)
1 Min read -
ConstructionKolon Global secures patent for Kankan Smart Space technology
Jan 16, 2023 (Gmt+09:00)
1 Min read -
Corporate restructuringKolon Global to spin off auto unit, eyes Kolon Mobility IPO in 2023
Jul 21, 2022 (Gmt+09:00)
2 Min read
Comment 0
LOG IN