Ceremony Held for FGC Agreement Execution with HENC

INSPIRE Entertainment Resort (“INSPIRE”) executed a full general contractor agreement (“FGC agreement”) with Hanwha Engineering & Construction (“HENC”) in December last year for the construction of Phase 1 of the integrated resort.

HENC CEO & Vice Chairman Kwangho Choi, CFO Kyungwon Park, CCO Yongsang Yun, INSPIRE CEO Andrew Billany and Vice President Kelly Sullivan, INSPIRE’s parent company MGE’s BOD treasurer Thayne Hutchins and MGE International President Bobby Soper attended the day’s execution ceremony and pledged cooperation to ensure a successful project implementation.

HENC commenced construction of Phase 1 in 2019 based on a preliminary contract. With the successful financing closing that raised 1.8 trillion won in mid-November last year, the two parties has now entered into the FGC agreement.

“Signing the FGC will serve as an occasion to accelerate the construction of INSPIRE IR,” said MGE’s International President Bobby Soper at the day’s event who added that “HENC’s extensive construction experience and knowhow will help INSPIRE IR emerge as a world-class landmark.”

(Photo) HENC CEO & Vice Chairman Kwangho Choi and INSPIRE’s parent company MGE’s BOD treasurer Thayne Hutchins among others are taking a commemorative photo after signing the FGC agreement for the construction of INSPIRE IR Phase 1.

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