A South Korean company to build skyscraper

A South Korean construction company has unveiled plans to construct a skyscraper and new cities in Phnom Penh and Sihanoukville, local newspaper on Wednesday quoted an advisor to Prime Minister Hun Sen as saying.Kevin Kab Ryal Kim, executive director of GS Engineering and Construction, told Hun Sen of the projects during a meeting in Phnom Penh on Tuesday at the premier's residence in Kandal province's Ta Khmao district, according to Cambodian-language newspaper the Kampuchea Thmey.Sry Thamrong, advisor to Hun Sen, said that the firm will begin constructing a 53-storey international financial building in mid-2008 on nearly seven hectares of land near the Russian Embassy in Phnom Penh's Tonle Bassac commune and the construction is scheduled to be completed in 2012.In the building, there will be supermarkets, shops, offices, schools, and apartments able to accommodate around 10,000 people, said the advisor, adding that the plan will create 3,000 jobs, reported another Cambodian-language newspaper the Rasmei Kampuchea.Kevin Kab Ryal Kim said that his company also plans to construct a satellite city on 145 hectares of land on the outskirts on Phnom Penh alongside National Road 6, adding that another city with five-star hotels and an international airport will be built in Sihanoukville.Hun Sen expressed support for the firm's projects and vowed to ask state institutions to ease the company's work, said the newspaper.South Korea surpassed China in 2006 to become the largest foreign investor in Cambodia.Source: Xinhua