[Sponsored Report] Despite accomplishments, Ssangyong E&C looks ahead
Ssangyong E&C entered the Singapore market in 1980 and constructed the 73-floor Swissotel The Stamford, a symbol of Singapore. In 2010, Ssangyong E&C finished the Singapore Marina Bay Sands Hotel, known as a miracle of 21st century construction.
With 2,561 rooms and slanting 52 degrees, the Marina Bay Sands Hotel looks like two cards leaning against each other. There is a swimming pool, observatory, garden, pedestrian walk, and restaurants in the Skypark, which connects the three hotels. At 12,000 square meters, the Skypark features a 70 meter long overhang that juts into the sky without any support underneath. Construction cost 1 trillion won and took 27 months.
Ssangyong E&C has also built luxury hotels in Indonesia, Japan, Guam, Dubai and Bali. In the 1980s it built the Marriott Hotel in Anaheim, Korea’s first overseas investment development project, and in the 1990s, it advanced to Dubai and built the Jumeirah Emirates Towers Hotel and Grand Hyatt Dubai, opening the market for Korean firms.
Ssangyong E&C is also focusing on high level, high value-added civil engineering projects. The Marina Coastal Expressway, awarded in November 2008 with a 820 billion won budget, was the largest overseas civil construction project of the year for a Korean company. In June 2009, the company received a 700 billion won order for a subway project, the biggest overseas rail project awarded to a Korean firm.
Ssangyong E&C plans to continue its business in its overseas market in addition to working to receive new orders from the Middle East, Africa and Guam, which are increasing large-scale projects. The company also plans to expand green construction, which is showing rapid growth.
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