Samsung C&T gets $678 million Mumbai convention centre deal Construction and Real Estate

The construction and trading arm of Samsung Group, Samsung C&T has won the US$ 678 million contract from conglomerate Reliance Industries Limited (RIL) for the construction of the Dhirubhai Ambani International Convention and Exhibition Centre (DAICEC) in Mumbai, India.

The DAICEC will be a mixed-use development situated with the Bandra Kurla Complex (BKC), a commercial complex in the suburbs of Mumbai. Covering 75,000 m2 of land with 788,340 m2 of useable floor space, DAICEC will house a convention and exhibition centre, auditorium, cultural plaza, serviced apartments and an office block.

According to KJ Kim, executive vice president of Samsung C&T’s Building business unit - We are privileged to be participating in the DAICEC project. Along with strong record of safety and quality, Samsung C&T has a wealth of global experience in numerous building projects. We are aiming to work in harmony with our partners on the project to encourage economic growth of the region.

Construction of the commercial complex is likely to be completed by 2017.

The South Korean construction firm for the second time secured a contract to construct a landmark edifice in Mumbai after winning a deal from Oberoi Realty for constructing another high-rise project including a residential tower, commercial office space and hotel in Mumbai’s Worli region.

The firm has also been engaged in the construction of some of the world’s tallest landmark buildings such as Petronas Tower in Malaysia and the Burj Khalifa in the United Arab Emirates.