WUHAN -?Contract for building twin towers in Cambodia, which will surpass the height of Petronas Twin Towers in Kuala Lumpur, was signed in Wuhan, capital of Central China's Hubei province, on Saturday.

The Wuhan-based Wuchang Shipbuilding Industry Group Co. Ltd. signed the $2.7 billion contract with its Cambodian partner Thai Boon Roong (TBR) Group and Macao-based Sun Kian Ip Holding Co. Ltd.

The 560 meter towers, to be named TBR Twin Tower World Trade Center, will be located in Phnom Penh by the Mekong River and will be 108 meters higher than Petronas Twin Towers.

Under the agreement, Wuchang Shipbuilding will undertake the construction along with the Sino Great Wall Engineering Co. Ltd.

Yang Zhigang, chair of the Wuchang Shipbuilding Industry Group Co. Ltd., said the company has aimed to undertake infrastructure, shipbuilding and port construction cooperation with countries joining China's Belt and Road initiative.