In a meeting with City Hall on Tuesday, representatives of three foreign firms and the local Thai Boon Roong Group laid out their $3-billion plan to build a 111-story skyscraper in Phnom Penh that would be one of the ten tallest structures in the world, officials said.
The municipality’s Facebook page showed governor Pa Socheatvong and other officials sitting down with representatives of the real estate companies from China, Hong Kong and Macau, and said he urged serious consideration of the venture.
“We have not yet decided to go ahead with them but we are interested in their plan,” City Hall spokesman Long Dimanche said Wednesday.
Mr. Dimanche said the municipality asked the consortium to provide a detailed study of where and how they plan to build the huge structure, while City Hall pointed out areas where construction would not be possible.
“They have proposed constructing the building on the land where Dream Land amusement park now stands,” he said, referring to the land opposite NagaWorld casino.
Local news station Bayon TV posted a video online showing the presentation by the Thai Boon Roong Group, with digitally rendered models showing a twin- towered building—connected by a skywalk—dominating the city’s skyline.
If greenlighted and completed as planned, the building would be the seventh tallest in the world at about 500 meters, just 6 meters shorter than the Taipei 101 financial center, but well short of Burj Khalifa in Dubai, which stands tallest at 828 meters.
Phnom Penh’s tallest existing building, the Vattanac Capital Tower, stands at about 188 meters with 39 stories.
Representatives of the Thai Boon Roong Group, previously controlled by tycoon Theng Bunma, could not be reached Wednesday.