UAE: NPC and Ssangyong in deal for Dh1b projects |
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ABU DHABI -- In a significant initiative that would facilitate future growth and expansion, National Projects & Construction LLC (NPC), a leading Abu Dhabi-based construction company, yesterday entered into a strategic agreement with South Korea-based Ssangyong Engineering and Construction Company.
The agreement enables NPC to share Ssangyong Engineering's expertise in handling mega projects and according to the agreement NPC will handle projects worth Dh1 billion and above. Ssangyong specializes in building and infrastructure construction and has been involved in prestigious projects like the Grand Hyatt and the Emirates Towers Hotel in Dubai and major international projects such as the Raffles City Complex and Raffles Hotel in Singapore.
The agreement, which was signed at Abu Dhabi, in the presence of Salem Al Neyadi, Chairman, NPC, and Kim Seung Joon, Executive Vice-President and Head of International Business Division, Ssangyong.
(Staff report)
© Khaleej Times 2008
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