Samsung C&T Corporation won a series of projects in Southeast Asia worth a combined 1.37 trillion won ($1.19 billion) earlier this year.
In February, the corporation secured a 388 billion won contract to build Singapore’s new State Courts complex, followed by a 245 billion won deal to build a 54-story office building in Malaysia. Standing 178 meters (584 feet) tall, the State Courts complex is expected to become a landmark in downtown Singapore. Samsung C&T believes that its past work on high-rise buildings such as the Burj Khalifa, the tallest artificial structure in the world, and the Petronas Twin Towers played a part in its landing the Malaysian project.
On March 18, Samsung C&T landed a 737 billion won deal to construct section T313 of Singapore’s Thomson-East Coast Line. Under the contract, the company will build a subway station and 1,200-meter-long underground tunnel at Xilin Avenue. The project is expected to be difficult, as Samsung C&T will have to relocate a stream running above the construction site and connect two new subway lines and a car park.
Having worked on a total of nine subway and underground motorway projects in Singapore, Samsung C&T won the contract by presenting the Land Transport Authority with an optimized construction plan. It expects to complete construction by 2024.
Samsung C&T aims to strengthen its position in the Southeast Asian market by localizing and differentiating its services. It attributes its success in the region to the trust-based relationship it has built with clients through years of high quality and safety control.
The company is currently working on 32 projects in six Southeast Asian countries including Singapore and Malaysia, the majority of which are for skyscrapers, power plants and subways. The value of these projects adds up to 10.1 trillion won.
Officials of the construction arm of Samsung Group said they won the project due to their experiences in undertaking seven projects related to the subway line construction in Singapore and the two underground highway projects also in the city that led to the company to submit segregated construction plans, including designs for the projects.
Samsung C&T has been involved with a total of 32 projects, including those for high-rise buildings, power plants and subways, which are worth some 10.1 trillion won in S.E. Asian countries, including those in Singapore and Malaysia.
The local court project in Singapore involves the construction of a 178-meter high building in the center of Singapore, making it the symbol of the key city-nation in the region. The Sapra Office building Project in Malaysia also involves the construction of a 54-storey building, which the company won a contract for due to its experience with the construction of Burj Khalifa in Dubai, the world’s tallest building, and Petronas Twin Towers in Kuala Lumpur, the tallest structures in Malaysia.
President Choi Chi-hoon said we will try to localize operations in those countries to boost trust and secure more high-quality projects for smooth and stable growth.
Samsung C&T (CEO Choi Chi-hun) announced on Oct. 27, 2015 that it landed a $842 million (954.41 billion won) deal called the KL 118 Tower project commissioned by PNB Merdeka Ventures Sdn Bhd, a subsidiary of Malaysia’s state-run investment firm PNB.
The building in Kuala Lumpur will have 118 floors above ground and five below, with a total area of 673,862 square meters. It will be a complex facility that hosts office spaces and hotel guestrooms. It will take 49 months to complete by December 2019. Samsung C&T will work with local contractor UEM in a consortium to generally manage the construction work, including quality and safety management. With a total cost of $842 million (954.41 billion won), the share of Samsung C&T will be $505 million (572.42 billion won), or 60 percent in total.
With a height of 644 meters, it will be Malaysia’s tallest building and the world’s third-tallest building when it is completed in 2019.
Samsung C&T outbid other rivals from China and the United Arab Emirates based on its technical expertise and the experience of successfully building high-rise structures like the Burj Khalifa, the world’s highest 162-floor skyscraper in Dubai, the U.A.E., and Petronas Tower, an 88-floor skyscraper in Malaysia.
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