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NEOM Project Expected to Place Orders with Korean Construction Equipment Makers

As Saudi Arabia urges Korean companies to participate in investments in the future city project NEOM with a total project cost of US$500 billion (about 645 trillion won), expectations for large-scale orders are growing in the Korean construction equipment industry including Doosan Bobcat, HD Hyundai Infracore, and HD Hyundai Construction Equipment.

Korean construction equipment is also playing a role, with more than 6,000 pieces of construction equipment in use at NEOM construction sites as of the end of last year. They were excavators, bulldozers, and loaders with Korean brands such as Doosan and HD Hyundai, officials said.

Read the full story at Business Korea

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