Cambodian and Chinese Investors Team Up for Large Commercial City Project in Sihanoukville

• Proeksa Meas
• 25 January 2019
• Uncategorized
• 9070 Views

Sihanoukville is preparing to welcome construction on a large commercial city, a joint venture between local developers and Chinese investors.

The K99 Group recently broke ground on the ‘Are de Triomphe’ commercial project, with a capital investment of about US$70 million, jointly owned by the company and Chinese investors.

The ‘Are de Triomphe’ development includes construction of 36 buildings comprising of commercial buildings, and hotel buildings which will extend over 10 hectares of land in Sihanoukville.

Speaking to the media at the event, Mr. Rithy Rasmey, CEO of K99 Group, said that the establishment of this commercial project is to create jobs, reduce the problems of migration, and lift up Sihanoukville’s reputation.

The company has not yet disclosed how long the project will take to build.

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