Royal Group Invests US$35 million Building 70km of Roads on Koh Rong Island

The Royal Group has injected US$35 million to build 70km of concrete roads on Koh Rong Island, as part of the firm’s development masterplan.

The 70km of road is to be built by Sinohydro Construction Co Ltd from China, and the construction agreement was signed on 14 July at Preah Sihanouk province.

According to a press release from the Royal Group, the project is costing US$35 million and will take 16 months to complete in line with the infrastructure development master plan approved by the Council for the Development of Cambodia in 2010.

Preah Sihanouk Provincial Governor H.E Kuoch Chamroeun said at the signing ceremony that the infrastructure development on Koh Rong Island indicates the new progress of the Royal Group’s efforts to boost development on the island as mentioned on the contract with the government.

“The firm has started the construction of hotels, and now they are building 70km of the concrete road. After that, there will be the construction of other infrastructure such as an electricity grid, clean water system, airport, and so on,” Chamroeun said.

The Royal Group was granted a 99-year lease on Koh Rong in 2008, to transform the island to become a commercial hub and natural tourism resort.

In late 2019, the Royal Group announced a US$285 million joint venture investment with China’s Royal Galaxy Group to develop Koh Rong into a world-class resort. The project will also include building an airport and solar power stations on the island as. (Read more)

- Video Advertisement -

Related Post

Brunei’s Khazanah Sets Sights on Infrastructure Investment in Cambodia

In a significant development for Cambodia’s infrastructure landscape, Khazanah Nasional Berhad of Brunei Darussalam actively seeks investment opportunities. This was highlighted during a meeting held on November 19, 2024, between His Excellency Prime Minister Hun Manet and Mr. Dato Khairul Hamed, the company’s CEO. During the discussions, Mr. Hamed outlined Khazanah’s intention to explore a […]

Japan Invests Over USD40 Million in Cambodia in 2024: Strengthening Economic Ties

In a significant boost to bilateral relations, Japan has invested more than USD40 million in Cambodia during the first 10 months of 2024, maintaining its position as the seventh-largest investor in the country. This development was highlighted in a recent report from the Council for the Development of Cambodia, released on November 19, 2024. To […]

Ratanakkiri and Mondulkiri Provinces Draw Attention from Chinese Investors

In a significant development for Cambodia’s agricultural sector, China’s Zhongjiao Tongli has announced its plans to expand investment in cultivating bananas and mangoes across Ratanakkiri and Mondulkiri provinces. This announcement follows a key meeting between Prime Minister Hun Manet and company President Mr. Zhongdi Sun, held on November 6, 2024, in Kunming, Yunnan Province, China. […]

Korean Firm Eyes Investment in Cambodian Cashew Processing

Heungkuk Industry, a top manufacturer of construction materials from South Korea, is set to invest in cashew processing in Cambodia. This commitment emerged from a pivotal meeting on November 19, 2024, between HE Vongsey Visoth, Deputy Prime Minister in charge of the Office of the Council of Ministers, Mr. Lee Kee Yun, Director of Heungkuk […]

ARK Electronics Group Announces USD1.3 Billion Investment to establish a 1000ha industrial park in Kampong Speu

In a significant move for Cambodia’s industrial landscape, ARK Electronics Group, a Chinese company, has unveiled plans for a massive investment exceeding USD 1.3 billion to establish a sprawling 1,000-hectare industrial park in Kampong Speu province. During a recent meeting between HE Dr. Cheam Chansophoan, Governor of Kampong Speu Province, and Ms. Chang Venza, General […]

Remarkable Investment Growth in Cambodia Over the First 10 Months of 2024

Cambodia’s economy is experiencing significant growth in investment. In the first ten months of 2024, the Council for the Development of Cambodia approved 346 new projects totaling over $5 billion, expected to create about 270,000 jobs. HE Chea Vuthy, Secretary General of the Cambodian Investment Committee, reported that investment increased by 38% compared to the […]