Cambodia to Have First International Racetrack Worth Approx. €26 million

Maritime Group has signed an agreement with PHG International, who won the bid to build Cambodia’s first international racetrack worth approximately €26 million.

According to Fresh News on 28 October 2021, this racetrack is the first one in Cambodia recognised by the FIA (Fédération Internationale de l’Automobile) and is 100% invested in by the Maritime Group.

The project will be built on 160 hectares of land, with the exact location yet to be disclosed. However, location will be somewhere along the Phnom Penh-Sihanoukville expressway, only about 70 kilometres from Phnom Penh.

Oknha Heng Sethy, owner of Maritime Group, the project includes construction of a Formula 3 racetrack, motorsports facilities, shopping outlets and international resorts, which is expected to begin by the end of 2022.

- Video Advertisement -

Related Post

Bentley Systems Partners with Google to Bring Powerful Geospatial Context and Capabilities to Infrastructure

Collaboration enables use of Google 2D, 3D geospatial content within Bentley’s applications and platforms to deliver actionable insights to infrastructure professionals VANCOUVER (Bentley Systems’ Year in Infrastructure 2024) — Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced a strategic partnership with Google to integrate Google’s high-quality geospatial content with Bentley’s infrastructure engineering software […]

Cambodia, Thailand Discuss Reopening Four Land Border Gates

Authorities in Banteay Meanchey and Battambang provinces of Cambodia and Sa Kaeo province of Thailand have discussed the reopening border gates which have been shut down due to the COVID-19 pandemic. The discussion was held on 15 December with participation from representatives of the three provinces administrations. The meeting was ended up with an agreement […]

Majority of Retailers in Cambodia are Targeting Expansion

By Eric Wong Chon Lap Retail leasing activity in Cambodia is expected to pick up in the coming months, amid solid expansion demand from retailers, and the completion of new shopping centers. Signs of positive movements for retailers, on store rollout and expansion strategies, following the country reopening policy on November 2021. Many leading retail […]