Samsung C&T’s Engineering and Construction Group has secured a contract to build a large-scale development in Kaohsiung, Taiwan.
The new Fubon Aozihdi Development Project, commissioned by Fubon Life, an insurance company headquartered in Taipei, will feature three sections: a 48-storey (240 m) office building, a 23-storey hotel, and a podium connecting the two buildings below the 13th floor.
The contract has been awarded to Samsung C&T in a joint venture with a local construction company. The project is worth a total of US$790 million, of which Samsung C&T’s stake is about US$592 million.
This large-scale development, covering a total floor area of 557,000 sq m, is expected to include a shopping mall and an aquarium. When completed, it will become a new landmark in Kaohsiung.
Samsung C&T has been actively present in Taiwan for many years. The company is currently engaged in a project to build the third terminal at Taoyuan International Airport, located west of Taipei. The work involves constructing a passenger terminal and concourse that can accommodate up to 45 million passengers per year.
All images: Samsung C&T