Chinese companies to build world’s tallest twin towers in Cambodia

Chinese companies to build world’s tallest twin towers in Cambodia

A joint venture of two Chinese companies has won the bid to build the world’s tallest twin towers in the Cambodian capital Phnom Penh, according to thepaper.cn.

The twin towers will be 560 meters high with 133 floors.

The bid amount is around $2.7 billion, and the duration of the contract is tentatively fixed at 60 months.

According to a statement of the bid winner, the twin tower project will be located in a high-class area in the Phnom Penh city center. The project will include commercial areas, offices, residential areas, exhibition halls, hotels, as well as a 4-floor underground parking lot.

It will span an area of over 1.5 million square meters and will be the largest world trade center in Southeast Asia.

Yet, it’s not clear if Phnom Penh will be able to support colossal skyscrapers as well as the Middle Kingdom does. The Cambodian Daily notes that:

The country’s tallest building—the 39-story Vattanac Capital building—may offer a glimpse into the twin towers’ fate. Completed in 2014, the tower only reached an oc­cupancy rate of about 30 percent by the middle of last year, the company’s senior leasing manager told The Guard­ian newspaper in July.Another major project, Gold Tow­er 42, led by the South Korean company Yon Woo Cambodia, has stumbled since it broke ground in 2008. Construction on the 42-story building at the intersection of Monivong and Sihanouk boulevards is now expected to finish in 2018.

The current tallest twin towers in the world are the Petronas Towers in Kuala Lumpur, Malaysia. It has 88 floors and is 452 meters high.

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