>Construction of Cambodia’s tallest building begins

PHNOM PENH, Cambodia The developer says construction has begun on a building that will be Cambodia’s tallest structure, with completion expected in 2012.

The 52-story International Finance Complex (pictured), worth about $1 billion, will house service apartments, a convention center and an international school upon its completion, says a statement by its South Korean developer, GS Engineering and Construction.

Covering an area of 737,000 square feet, the complex will dramatically change Phnom Penh’s skyline, where the tallest building now is a 15-story hotel.

Companies from South Korea have become the leading investors in Cambodia following the resumption of diplomatic ties between the two countries in 1997.

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