People pass a model of the International Finance Complex in Phnom Penh which will be Cambodia's highest buildingWednesday June 18, 2008
Cambodia breaks ground on its highest skyscraper
PHNOM PENH (AFP) — Cambodia on Wednesday broke ground for what will be the country's highest skycraper, a 52-storey tower slated to become the "landmark" of the low-rise capital Phnom Penh.
The one-billion-dollar International Finance Complex (IFC) is being backed by South Korea's GS E&C company and is expected to be completed in 2012.
The project is being hailed by Cambodia's leaders as a symbol of the country's galloping economy, which has averaged 11 percent growth over the past three years.
"IFC is the highest building in the history of Cambodia's capital and is a symbol of the economic growth in Cambodia," said Deputy Prime Minister Sok An.
Kevin K.R. Kim, the Korean firm's CEO, said the project will contribute to the development of Cambodia and become "the landmark of Phnom Penh city."
The site, located near the Tonle Bassac River, includes plans for offices, 275 serviced apartments, a convention centre, an international school and six-high-rise apartment buildings accommodating 1,064 units.
The Southeast Asian nation in March broke ground on the country's first skyscraper, a 42-storey tower.
Cambodia has climbed back from decades of civil unrest to emerge as one of the region's most vibrant economies, marked by an unprecedented building boom that is radically changing the face of this once-sleepy capital.
The one-billion-dollar International Finance Complex (IFC) is being backed by South Korea's GS E&C company and is expected to be completed in 2012.
The project is being hailed by Cambodia's leaders as a symbol of the country's galloping economy, which has averaged 11 percent growth over the past three years.
"IFC is the highest building in the history of Cambodia's capital and is a symbol of the economic growth in Cambodia," said Deputy Prime Minister Sok An.
Kevin K.R. Kim, the Korean firm's CEO, said the project will contribute to the development of Cambodia and become "the landmark of Phnom Penh city."
The site, located near the Tonle Bassac River, includes plans for offices, 275 serviced apartments, a convention centre, an international school and six-high-rise apartment buildings accommodating 1,064 units.
The Southeast Asian nation in March broke ground on the country's first skyscraper, a 42-storey tower.
Cambodia has climbed back from decades of civil unrest to emerge as one of the region's most vibrant economies, marked by an unprecedented building boom that is radically changing the face of this once-sleepy capital.
13 comments:
52 story building is not big. After the elections , x zen will give OK for RACF big man to build one 55 story high
I'd prefer employment over unemployment. Of course, this is a milestone for the people and country.
I bet HUN SEN will be building more highrise buildings in the future. HUN SEN will bring Cambodia to the most powerful country in Southeast Asia. Go HUN SEN go!!!!!!!!!!!! You need to build more skyscrappers!!!!!!!
52 is not big, 2:27? That is like half the height of the twin towers in NYC.
We are moving in the right direction. Vote CPP!
dead to C PeePee with a criminal LEADER LIKE AH QUACK , doctor of KILLING , rape, land grapping , country seller .
DEAD TO DICTATOR
These CPP guys seems to run out of ideas they are like kindergarten kids trying to win an argument. Don't drop school guys, there is no substance at all in your comments.
welcome to the world community of development, cambodia. full speed ahead! by the way, i heard the same cynical view point about the first atm bank machine when it first opened up in cambodia, look now, there are countless atm machine all over cambodia. same concept here with skyscrapers. cambodia is just lack of advance technology to make more food etc..., not man-power, nor resources, etc... god bless cambodia.
of course, it is true too in the west as well. people who own land and property in the downtown area can get more profit for their land and real estate when they build up like a skyscraper than just a single family home in prime location. so, same concept applies everywhere and cambodia is just not beginning to realize its true potential in growth. again, welcome to the world, cambodia and stop being ignorant and isolation for too long already. you you have land in the prime location anywhere in cambodia, it is more profitable to build up and sale for more as cambodia is changed a lot and nothing will stay the same again. and remember the strong currency in cambodia now is the mighty US dollars, so with the power of the US dollars, anything is possible in cambodia nowadays. god bless cambodia and her beautiful khmer people. just be humble and low-profile and don't forget to help your country, cambodia, too as you get richer and richer by invest wise investment because like they say, a country is only as strong as its foundation and invest in your country and your people is a good way to help your country to develop and become better and better for all to enjoy. god bless.
it's about time for cambodia to get a taste like the rest of the developing countries of the world. what took so long, cambodia? look around the world, they have a lot of skyscrapers in their cities to make them so proud of their development. so, cambodia can accomplish the same. god bless all khmer people and cambodia.
thank god, some politician or rich people don't think like pessimist or cynics. keep doing what you are doing, cambodia. justice will prevail. god bless cambodia.
that said, i don't see all the world's people live in skyscrapers or can afford to buy a condo up in the penthouse suite either. so there! so much of your flaw logic! god bless cambodia.
i know, too bad! say, out of 10 people, to make it simple, there's always one that never going to agree with the majority no matter what. so, i'm glad some influential people in cambodia did not let such pessimistic view or cynical view interfere with their belief and their world view. god bless all those who love and care deeply and truly about cambodia and her beautiful khmer people.
i'm glad mr.p.m going the right direction.
Some of you people commenting on here are so easily manipulated. It looks pretty but you're selling yourself short by not looking at the long term situation here. He'll still be a dictator and there will always be HUGE amounts of unemployment. Who says the new occupation and employment will be recruiting from Cambodia? Will Khmers actually be the ones having the job? Or will other people have the advantage over others. This is probably also a way to get the votes for the upcoming election. Seriously, think about it, don't sell yourself short of these shiny, concrete blocks. Economic gains can actually come either way, even without these concrete blocks. It's the people, not the blocks that make a country.
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