Korea plans $20 billion city project in Saudi

A Daewoo E&C consortium has made a proposal for a $20 billion city project in Riyadh. The Saudi government and the consortium comprising Daewoo E&C, Hanwha E&C and Saudi Pan Kingdom Company (SAPAC) aims to build Dahyat Alfursan New City 12KM east of the Riyadh airport, according to a news statement in Business Korea.