Hyundai Engineering Wins KRW 200 Billion Contract for 'Ion Mall 3rd Branch' Construction in Cambodia
[Asia Economy Reporter Yuri Kim] Hyundai Engineering announced on the 20th that it has won a project worth approximately 200 billion KRW for the construction of AEON Mall Branch 3 in Cambodia.
The AEON Mall Branch 3 construction project is the third project ordered by AEON Mall, one of Japan's largest retail groups operating over 200 shopping centers worldwide, in Cambodia.
This project involves building a large shopping center and parking facilities with five above-ground floors on the outskirts of Phnom Penh, the capital city of Cambodia. The site area is 170,000㎡, making it the largest among the three AEON Malls in Cambodia, and it is 2.5 times the size of AEON Mall Branch 1 in Cambodia. The construction period is approximately 27 months after groundbreaking.
Hyundai Engineering first entered Cambodia in 2009 with the Phnom Penh Tower construction project and has since completed projects such as the KOICA HRD Center, provincial road maintenance and improvement works in Cambodia, and the expansion of Acleda Bank. The 'AEON Mall Branch 2 construction project' won in 2016 was completed in May 2018, shortening the construction period by more than one month compared to the original plan.
Hyundai Engineering explained, "Based on the trust secured from the client through excellent construction quality, we were invited to bid and, after competing with other companies, were finally selected as the contractor for the 'AEON Mall Branch 3 construction project' through a comprehensive evaluation including technology and price."
Hot Picks Today
"Only Two Per Person" Garbage Bag Crisis Was Just Yesterday... Japan Also Faces Shortage Anxiety
- "Samsung Electronics Employee with 100 Million Won Salary Receiving 600 Million Won Bonus... Estimated Tax Revealed"
- Lived as Family for Over 30 Years... Daughter-in-Law Cast Aside After Husband's Death
- Profiler Kwon Il-yong Demands Deletion of Fake News Using His Name in 'Juwangsan Disappearance Case'
- "Wore It Once, Then This? White Spots All Over 4.15 Million Won Prada Jacket... 'Full Refund Ordered'"
AEON Mall plans to continuously expand its large shopping mall business in Southeast Asian countries such as Vietnam and Indonesia. A Hyundai Engineering official said, "Through this order, Hyundai Engineering will be able to stand out not only in the plant market such as petrochemical and power plants but also in the construction market in the Southeast Asian region," adding, "By diversifying construction types continuously and building a balanced business portfolio, we will contribute to Hyundai Engineering's stable growth."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
