Samsung C&T wins $179 mn shopping complex deal in Malaysia

2019.07.08 11:52:28 | 2019.07.24 09:44:46

[Photo provided by Samsung C&T Corp.]이미지 확대

[Photo provided by Samsung C&T Corp.]

South Korea’s Samsung C&T Corp. bagged a $179 million deal to build a shopping complex in Malaysia.

Samsung C&T said Sunday it received a confirmation from Arah Moden Sdn Bhd., a subsidiary of Malaysia`s KLCCP (Holdings) Sdn Bhd, awarding it to lead the project of constructing a six-story shopping complex in the center of Kuala Lumpur, Malaysia.

The so-called KLCC Lot L and M Podium project is expected to cost about $179 million to build, the company said. It plans to break ground for the project next Monday to complete the construction by October 2022.

The six-story shopping complex is a part of the Malaysian government’s Kuala Lumpur City Center (KLCC) project to install a multipurpose development area in Kuala Lumpur, Malaysia that consists of the world’s tallest twin buildings, a shopping mall, office buildings and hotels.

The shopping complex to be located in the area will host shopping malls and department stores, as well as a gallery of Malaysian oil and gas company Petronas. It will be connected to a subway station under construction now, and part of the building will be sustained without pillars for atypical structure.

Samsung C&T successfully completed the building of Dondaemun Design Plaza (DDP), the world’s biggest atypical building in Seoul designed by world renowned architect Zaha Hadid. It also has won various projects for high-rise buildings from KLCCP (Holdings) Sdn Bdh and completed the building of Petronas Twin Towers and Maxis Tower in Malaysia.

Other projects for Star Residences KLCC, UM City, Merdeka PNB 118 and KLCC Lot 91 are also under construction in Malaysia, according to Samsung C&T.

By Chung Ji-sung and Lee Ha-yeon

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