This new complex combining sports, hotels and leisure will begin to rise in Seoul, South Korea in 2023.
The Hanwha Engineering & Construction (E&C) has been chosen as the preferred bidder to build a new sports and convention industry complex on some 350,000 square meters site near Jamsil Sports Complex in Seoul (South Korea) worth 2.1 trillion.The project aims to begin construction in the second half of 2023 after concluding an agreement in the first half of 2023.Source: https://www.coliseum-online.com/jamsil-mice-complex-construction-in-2023/‘THE DONG-A ILBO’ further stated that the Seoul Metropolitan Government plans to form a negotiating team as soon as possible and start negotiations with the preferred bidder from January next year at the earliest. The project is estimated to cost around 2.16 trillion won and the construction period is expected to be about six years.
The project has been in the works since 2016 with an aim to build a multipurpose facility encompassing exhibition, convention, sports, and culture as well as hotels and commercial and business facilities. The preferred bidder has been selected after a comprehensive evaluation, including development plan, design/construction plan, operation plan, and public interest by the evaluation committee supervised by the Seoul Public Investment Management Service under the Seoul Institute.