Ssangyong Engineering & Construction Co., Ltd. Partners with Dubai’s Wasl Group, Provisionally Securing 3.6 Trillion Won in Projects

[Financial News] Ssangyong Engineering & Construction Co., Ltd. has formed a strategic partnership with Dubai’s Wasl Group and provisionally secured development projects worth 3.6 trillion won over the next three years. Wasl Group is one of Dubai’s largest real estate development and management companies and is currently expanding its business portfolio to include home sales, residential and commercial properties, and hotels and resorts.
According to Ssangyong Engineering & Construction Co., Ltd. on the 5th, the agreement is intended to strengthen its relationship with Wasl Group, with which it has worked since 2017. In 2017, Ssangyong Engineering & Construction Co., Ltd. successfully completed projects worth about 1 trillion won commissioned by Wasl Group, including the Hyatt Centric hotel and One Residence, a luxury residential complex.
Under the agreement, Ssangyong Engineering & Construction Co., Ltd. will expand its collaboration with Wasl Group on residential facilities, hotels and mixed-use development projects.
Since becoming part of Global Sae-A Group, Ssangyong Engineering & Construction Co., Ltd. has expanded its wins of major projects in its established overseas markets, including the Middle East and Southeast Asia. In Dubai, it has successively won new projects since 2023, including Immersive Tower, the Kifaf development project and Creek Waters, and is currently carrying out six construction projects worth about 1.4 trillion won. In September this year, Ssangyong Engineering & Construction Co., Ltd. also won a 3 trillion won project for Tengah General Hospital, commissioned by the Singapore government.
Global Sae-A Group Chairman Kim Woong-ki said, “It is very meaningful to be able to contribute to Dubai’s mid- to long-term development and prosperity, drawing on Ssangyong Engineering & Construction Co., Ltd.’s extensive accumulated construction experience and technical expertise.”

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