Samsung C&T wins Shangri-La UB Hotel construction contract
May 22 (Yonhap News) Samsung C&T Corp., one of South Korea's leading construction and trading companies, said Tuesday it has won three overseas orders worth $726 million.
The company said it secured a high-rise development and building remodeling project worth a combined $534 million in Singapore, and a $192 million hotel construction project in Mongolia.
The two orders in Singapore involve construction in the Marina Center region in the city state's central business district.
The company is already engaged in 12 other construction projects in the Southeast Asian country totaling $3.2 billion, including a liquefied natural gas terminal, urban train and highway building projects.
The order in Mongolia involves the building of a 34-story Shangri-La hotel, 24-story office tower and five-story theater and commercial building.
The project in Ulan Bator, secured as part of a consortium, is expected to be a new landmark for the capital city, and reflects growing recognition of the company's competitiveness in the global construction field, the company said.
The company said it secured a high-rise development and building remodeling project worth a combined $534 million in Singapore, and a $192 million hotel construction project in Mongolia.
The two orders in Singapore involve construction in the Marina Center region in the city state's central business district.
The company is already engaged in 12 other construction projects in the Southeast Asian country totaling $3.2 billion, including a liquefied natural gas terminal, urban train and highway building projects.
The order in Mongolia involves the building of a 34-story Shangri-La hotel, 24-story office tower and five-story theater and commercial building.
The project in Ulan Bator, secured as part of a consortium, is expected to be a new landmark for the capital city, and reflects growing recognition of the company's competitiveness in the global construction field, the company said.
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