Logo of Phnom Penh Post newspaper Phnom Penh Post - Ground-breaking held for Phnom Penh's tallest skyscraper

Ground-breaking held for Phnom Penh's tallest skyscraper

Ground-breaking held for Phnom Penh's tallest skyscraper

Deputy Prime Minister Sok An and GS President Kevin Kim attend ground-breaking ceremonies for IFC Phnom Penh. Planned for 52 stories, IFC will be Phnom Penh's tallest building when its completed in 2012.

Construction is set to begin on Cambodia’s tallest building as officials broke ground on the 52-story International Finance Complex that will dominate the skyline of the Kingdom's low-slung capital after its completion in 2012.

The $1 billion IFC Phnom Penh project will include a main office tower surrounded by several smaller glass-and-steel structures, making it the latest in a string of mega-projects set to transform the city’s urban landscape in the next decade.

“The IFC Phnom Penh project [is] a symbol of Cambodia’s recent economic growth and will become a new landmark of Phnom Penh,” said Kevin Kim, CEO and President of GS Engineering & Construction, the project’s South Korean developer, at the June 18 groundbreaking ceremony at the building site on the Bassac River.

“Cambodia is the most dynamic and fastest growing country in Southeast Asia, and we want to participate in and contribute to that growth,” Kim said.

South Korean Ambassador to Cambodia Shin Hyun Suk added that the project was likely to further strengthen ties between Cambodia and South Korea, already the second leading source of foreign investment in the Kingdom after China.

“I am pleased to note that in Cambodia’s recent development, South Korea has been a key partner,” Shin told the ceremony, praising the government’s achievement in fostering political and economic stability. “The 52-story IFC building will stand as a symbol of the continuing progress in Cambodia.”

When completed, the IFC skyscraper will be the tallest building in Cambodia, eclipsing the 42-story Gold Tower 42 project, which is also Korean financed, as well as other residential and commercial towers currently planned or under construction around the capital.

In addition to offices, the IFC project will include 275 serviced apartments, long-term luxury housing, an international school and a convention center.

MOST VIEWED

  • Angkor Wat named as the top landmark for the second year

    Travel website TripAdvisor has named Cambodia’s ancient wonder Angkor Wat as the top landmark in the world for the second year running in their Travelers’ Choice Award 2018, an achievement Cambodian tourism operators expect will attract more tourists to the Kingdom. The website uses traveller

  • New US bill ‘is a violation of Cambodian independence’

    After a US congressmen introduced bipartisan legislation that will enact sanctions on Cambodian officials responsible for “undermining democracy” in the Kingdom, government officials and the ruling Cambodian People’s Party on Sunday said they regarded the potential action as the “violation of independence and sovereignty

  • Hun Sen detractors ‘will die’

    Prime Minister Hun Sen on Wednesday said those who curse or insult him would eventually die without a plot of land to bury their bodies after being killed by lightning, suffering the same fate as those who recently died in Thmar Baing district in Koh

  • Ministry’s plan for net sparks fears

    The government has ordered all domestic and international internet traffic in the Kingdom to pass through a Data Management Centre (DMC) that has been newly created by the state-owned Telecom Cambodia, in a move some have claimed is an attempt to censor government critics. Spokesman