Malaysia completed the spire of the Independence Tower 118 in Kuala Lumpur on November 30. It will become the second tallest skyscraper in the world with a height of 678.9 meters, second only to Dubai’s 828 meters Burj Khalifa, and will be completed in 2022. , The Shanghai Tower is over 632 meters. China.
Prime Minister Ismail Sabri Yacob stated at the ceremony on the same day that the project will become an “economic catalyst” for Kuala Lumpur and Malaysia as a whole.
Merdeka 118, together with the surrounding buildings in the area, was funded by 5 billion ringgit (US$1.18 billion) from Permodalan Nasional Berhad, a government-owned investment company, and was built by a consortium of South Korea’s Samsung C&T Corporation and Malaysia’s UEM. 85% of the project has been completed .
When completed, the tower will include nearly 300,000 square meters of residential, hotel and commercial space, with a total of 118 floors, of which 5 floors are underground. There will be 100 floors of leasable space, including 83 floors of office space, as well as 12 floors of hotel rooms and 5 floors of hotel residences, which will be occupied by Park Hyatt Kuala Lumpur, the first luxury hotel brand in Malaysia.
The highest observation deck in Southeast Asia
Observatory floor on the 114th floorday The floor will be the highest observation deck in Southeast Asia. On the lower floors, the restaurant will provide spectacular views, and above it, there will be a three-story observation deck for events and activities, and a VIP lounge on the highest 118th floor.
In addition, the tower will include a retail business center surrounded by a 1.6-hectare landscaped park area and provide parking spaces for up to 8,500 cars.
In his speech when the spire was completed, the prime minister said that he was “proud” of the progress made during the construction of the tower during the Covid-19 pandemic.
“This is not only a great achievement in the engineering field, but also further consolidated Malaysia’s status as a modern developed country,” he said.
Criticism of costs and economic benefits
However, the project has also attracted criticism, with some questioning whether another skyscraper needs to be built as the economy is recovering from the long-term Covid-19 blockade that has been implemented for most of this year and Malaysia already has the world’s tallest twin structure. Sub tower.
Others stated that the funds for the building could have been better invested in healthcare and education, while some doubted the economic effects of the building because 60 of the 83 office floors were for the project developer Permodalan Nasional Berhad itself and Reserved by its subsidiaries.
Malaysia completed the spire of the Independence Tower 118 in Kuala Lumpur on November 30. It will become the second tallest skyscraper in the world with a height of 678.9 meters, second only to Dubai’s 828 meters Burj Khalifa, and will be completed in 2022. , The Shanghai Tower is over 632 meters. China. Prime Minister Ismail Sabri Yacob stated at the ceremony on the same day that the project will become an “economic catalyst” for Kuala Lumpur and Malaysia as a whole. Merdeka 118, together with the surrounding buildings in the area, is funded by Permodalan Nasional Berhad, a government-owned investment company, with a budget of 5 billion ringgit (US$1.18 billion) and…
Malaysia completed the spire of the Independence Tower 118 in Kuala Lumpur on November 30. It will become the second tallest skyscraper in the world with a height of 678.9 meters, second only to Dubai’s 828 meters Burj Khalifa, and will be completed in 2022. , The Shanghai Tower is over 632 meters. China.
Prime Minister Ismail Sabri Yacob stated at the ceremony on the same day that the project will become an “economic catalyst” for Kuala Lumpur and Malaysia as a whole.
Merdeka 118, together with the surrounding buildings in the area, was funded by 5 billion ringgit (US$1.18 billion) from Permodalan Nasional Berhad, a government-owned investment company, and was built by a consortium of South Korea’s Samsung C&T Corporation and Malaysia’s UEM. 85% of the project has been completed .
When completed, the tower will include nearly 300,000 square meters of residential, hotel and commercial space, with a total of 118 floors, of which 5 floors are underground. There will be 100 floors of leasable space, including 83 floors of office space, as well as 12 floors of hotel rooms and 5 floors of hotel residences, which will be occupied by Park Hyatt Kuala Lumpur, the first luxury hotel brand in Malaysia.
The highest observation deck in Southeast Asia
Observatory floor on the 114th floorday The floor will be the highest observation deck in Southeast Asia. On the lower floors, the restaurant will provide spectacular views, and above it, there will be a three-story observation deck for events and activities, and a VIP lounge on the highest 118th floor.
In addition, the tower will include a retail business center surrounded by a 1.6-hectare landscaped park area and provide parking spaces for up to 8,500 cars.
In his speech when the spire was completed, the prime minister said that he was “proud” of the progress made during the construction of the tower during the Covid-19 pandemic.
“This is not only a great achievement in the engineering field, but also further consolidated Malaysia’s status as a modern developed country,” he said.
Criticism of costs and economic benefits
However, the project has also attracted criticism, with some questioning whether another skyscraper needs to be built as the economy is recovering from the long-term Covid-19 blockade that has been implemented for most of this year and Malaysia already has the world’s tallest twin structure. Sub tower.
Others stated that the funds for the building could have been better invested in healthcare and education, while some doubted the economic effects of the building because 60 of the 83 office floors were for the project developer Permodalan Nasional Berhad itself and Reserved by its subsidiaries.
