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Wai Hung Intends to Build Approximately 1 Million Smart Parking Spaces in Nine Countries in the MiddleEast Countries With Total Contract Sum Reaches Over HK$100 Billion

Wai Hung Intends to Build Approximately 1 Million Smart Parking Spaces in Nine Countries in the MiddleEast Countries With Total Contract Sum Reaches Over HK$100 Billion
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Wai Hung Intends to Build Approximately 1 Million Smart Parking Spaces in Nine Countries in the MiddleEast Countries With Total Contract Sum Reaches Over HK$100 Billion

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HONG KONG, Mar 9, 2021 - (ACN Newswire) - Wai Hung Group Holdings Limited ( Wai Hung or the Group ) (stock code: 3321) is pleased to announce that Wai Hung Hong Construction Engineering Limited ( WHHCE ), an indirect wholly-owned subsidiary of the Company, entered into a Cooperation Agreement with Investment Projects General Trading Company ( IPGT ) today. The Group intends to build facilities for approximately 1 million smart parking spaces and provide relevant construction services for the proposed urban property project in the MiddleEast Countries to be developed with IPGT (the Middle East Project ). The parties shall not cooperate with any third party in providing artificial intelligence garage system in the MiddleEast Countries within the term of the Cooperation Agreement (i.e. 5 years). ....

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HK group Wai Hung seals Mideast smart parking spaces deal

HK group Wai Hung seals Mideast smart parking spaces deal
KUWAIT CITY, 26 days
ago
Hong Kong-based Wai Hung has announced that one of its key subsidiaries, Wai Hung Hong Construction Engineering, has signed a co-operation agreement with Kuwait-based Investment Projects General Trading Company (IPGT) for the construction of nearly 1 million smart parking spaces in nine countries across the Middle East.

A leading contractor, Wai Hung Group provides fitting-out services and repair and maintenance services in Macau. It primarily covers refitting works for existing buildings and extend to casinos, retail areas, hotels, restaurants, commercial properties and residential properties.

Last September, the Hong Kong group developed the smart garage concept and is now diversifying its businesses globally. ....

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