Daewoo Engineering & Construction Co, South Korea's fourth-largest builder won a US$190 million (RM575.7 million) deal to build a luxury hotel in Kuala Lumpur, South Korea's Yonhap news agency reported on Tuesday. The deal was signed with One IFC Residence Sdn Bhd, a joint venture between property developer Malaysian Resources Corp Bhd and financial firm CMY Capital Sdn Bhd. In a statement, Daewoo Engineering said that the company will take 48 months to complete the 48-storey hotel.
