Marina Bay Sands (MBS), a landmark in Singapore, is preparing for a large-scale hotel expansion after 15 years since its opening, and it has been confirmed that Ssangyong Engineering & Construction (SSEC) is the only domestic construction company participating in the bidding for the project.
According to the overseas construction industry on the 5th, Ssangyong Engineering & Construction participated in the bidding for the Phase 2 expansion project of Marina Bay Sands, led by Las Vegas Sands (LVS), as the only domestic construction company.
Ssangyong Engineering & Construction has experience successfully completing the main hotel of Marina Bay Sands in 2010. In 2007, 14 global construction companies participated in the bidding, but it was ultimately awarded the contract and finished construction in June 2010.
At that time, the Marina Bay Sands main hotel consisted of three buildings with a total of 2,511 rooms over 57 floors above ground and three basement levels, and due to its unique architectural design, the construction difficulty was considered the highest level to date.
This was because the eastern building inclines at a maximum angle of 52 degrees, connecting with the western building at a height of 70 meters (23 floors) and rising to 57 floors, including the sky park, in an 入-shaped structure. The construction cost was $920 million (about 1 trillion won), which was the largest scale for a single overseas construction project by a domestic construction company at that time.
The estimated construction cost for this expansion project is approximately $8 billion (about 11.1 trillion won), with completion aimed for January 2031.
Key facilities of the Phase 2 expansion project include a 193-meter tall tower with 55 floors, a casino, a luxury hotel with 570 suite rooms, shopping malls, and restaurants.
A rooftop garden in the shape of a boat, the Skyloop, and a live entertainment arena (with a capacity of 15,000 seats) between the existing tower and the new tower are also planned to be newly constructed. Additionally, there are plans to improve accessibility to the nearby Gardens by the Bay by connecting it with the Bayfront MRT station.
LVS presented its remodeling and expansion plan for MBS to the Singapore government and secured a monopoly on casino operations until 2030. The total investment in Singapore since 2005 amounts to $15 billion (about 21 trillion won).
An official from the overseas construction industry noted, "Ssangyong Engineering & Construction received praise in Singapore for completing the Marina Bay Sands main hotel, which was considered a high-difficulty project 15 years ago, and with the experience of completing the main hotel, I understand that they are actively participating in the bidding for this Phase 2 expansion project."