Two Chinese companies have signed a joint-venture agreement to build twin towers in Phnom Penh, the capital of Cambodia. Upon completion, the Cambodian project will be 108 meters taller than the current tallest twin towers, Petronas Twin Tower in Kuala Lumpur, Malaysia.

The consortium, established by Sino Great Wall International and Wuchang Shipbuilding Industry Group Co., Ltd., won the construction project with a bid of $2.7 billion. Construction was scheduled to begin at the end of 2016, and is expected to take five years.

The project was backed by Cambodian-owned Thai Boon Roong Group and Macau-owned Sun Kian Ip Group. The high-end commercial complex will consist of a luxury hotel, apartments, high-end office space and a retail area. There will also be an exhibition hall, theater, restaurants and a basement parking garage.

Changjiang Weekly noted that the tower is a landmark “made in China” project along the Belt and Road route. It is currently China's largest construction project in Cambodia.