CDC Approves Two Resort Projects Worth Us$600 Million in Koh Kong and Sihanoukville

• Proeksa Meas
• 21 February 2019
• Uncategorized
• 4883 Views

Dara Sakor Seashore Resort

The Council for the Development of Cambodia (CDC) has recently given permits to two Chinese firms to invest a total of approximately US$600 million to develop two big resorts in Koh Kong and Sihanoukville, which are expected to generate at least 7,600 jobs for locals.

According to the CDC report, the two Chinese firms are Nanjing Dadi Construction (Cambodia) Development Group Co., Ltd and Union Development Group Co., Ltd.

Nanjing Dadi Construction (Cambodia) Development Group Co., Ltd., will invest approximately US$88.4 million to develop a 300-key 5-star resort hotel and commercial centre in Oum Village, Ream Commune, Prey Nob District, Sihanouk Province.

In addition, the CDC also gave a permit to Union Development Group Co., Ltd. to invest approximately US$500 million in developing a tourist city known as “TEMI” in Kiri Sakor district, Koh Kong province. The project comprises of an 800-key hotel, business centres, bungalows, villas, resort and parks.

The project is part of the billion-dollar Dara Sakor Seashore Resort mega investment of Union Development in Koh Kong Province stretching over an area of 36,000 hectares.

So far, the company has already invested more than US$1.5 billion on the project after the government granted a 99-year concession for the land in 2008. (Read more)

• Projects Development