Ssangyong E&C wins deals for two Dubai luxury residences

The company got $2.9 bn orders from the largest real estate developer Emaar to build Creek Waters 1 and 2 in the Creek Harbour

yjlee@hankyung.com

Mar 25, 2024 (Gmt+09:00)

1 Min read

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Rendering　of　the　Creek　Waters　Residence　Towers　contracted　by　Ssangyong　E&C

Ssangyong Engineering & Construction Co. announced on Monday that it secured two luxury residence construction projects in Dubai, United Arab Emirates (UAE).

The projects, Creek Waters 1 and 2, are to be built in the Creek Harbour area, a new residential hub in Dubai. The total construction cost amounts to $223 million.

The client is Emaar, the largest real estate development company in the UAE, known for owning the world's tallest building, the Burj Khalifa.

Creek Waters 1 and 2 each consist of two basement levels and 52 above-ground floors, totaling 450 and 455 units, respectively.

Since its first entry into Dubai in 1997, Ssangyong E&C has secured a total of 14 projects, totaling 3.9 trillion won ($2.9 billion).

Write to You-Jung Lee at yjlee@hankyung.com