Mukiluf Mega Residential City Development

business overview

Country (trade office) South Africa (Johannesburg)
Project name Mukiluf Mega Residential City Development
Business Category Others
Overseas ordering company City of Tshwane
Real Estate Developer (Balwin Properties)
project schedule Completion target by 2030
financing Multilateral Development Bank, South African Government, Private Investment, etc.
Scale $53 billion (Rand 840 billion)
Project period 2020-2030

Job Description

Main Content
  • As the first phase of the project, about 1 residential facilities such as apartments will be built.
  • Eco-friendly energy supply will be introduced for residential, private and public sector facilities.
  • We have a plan to supply water resources by purifying wastewater.
Reason for selection
  • The project mentioned by the President of South Africa in 2020 is included in the government's economic revitalization policy in response to COVID-19

entry plan

opportunity factor
  • Considering that security is a major social problem in South Africa, the demand for smart CCTV solutions is expected to increase.
    Prospected
  • As a global smart city model, Korea will be able to occupy an advantageous position when participating in the project based on its development experience.
    expected
  • Linking with various government support programs such as MOEF's KSP project and MOLIT's K-City network, securing the foundation for project implementation
    possible
Threats
  • In order to participate in the South African government procurement project, the Black Economy Promotion Act (BBBEE) must be complied with.
  • It is necessary to participate in the project in cooperation with a competent local company.
local collaboration
possible company
Other notes
  • Through KSP or K-City Network projects, we participate in the initial smart city planning, related policies, and regulations
    It is necessary to establish a basis for winning orders for this business project