Deal for Prey Veng Jurassic Theme Park Scrapped

Sample photo by Shenghung Lin

The joint venture responsible for the planned Jurassic Theme Park in Prey Veng Province has announced that the project is to be scrapped with Malaysian investment firm, MQ Technology Berhad pulling out of the deal with Cambodia Resort and Entertainment (CRE).

According to an announcement made on the Bursa Malaysia stock exchange on 02 January, 2019, MQ Technology Berhad decided to end the agreement to develop and manage the project which was to be built near the Cambodia-Vietnam border in Prey Veng Province.

The US$51 million project signed on 13 December, 2016 included a casino, hotel and the Jurassic Theme Park and was expected to be completed within the next six years, but the timeframe had already been extended eight times.

“The Board of Directors of MQ Technology Berhad wishes to announce that the MOA, which was previously extended to 2 January 2019 is deemed to have lapsed,” the company said.

“The MOA, which relates to a proposed joint venture between Star Acres SdnBhd, a wholly-owned subsidiary of the Company, and CRE to develop and manage a theme park in the Kingdom of Cambodia has not been extended as the parties have not been able to move the venture forward,” the company added.

The original agreement of the Jurassic Theme Park would see Star Acres SdnBhd hold 70% of the share while the remaining share was owned by CRE.

- Video Advertisement -

Related Post

Cambodia Welcomes 12 New Investment Projects Boosting Industry and Energy Sectors

Cambodia is set to enhance its economic landscape with the approval of 12 new investment projects, collectively valued at USD155 million, specifically targeting the industry and energy sectors. This significant development was confirmed during a one-stop meeting chaired by His Excellency Chea Vuthy, Secretary-General of the Committee for Investment of Cambodia. These projects are not […]

Chinese Investors Eye Opportunities in Cambodia’s Booming Economy

In a significant move to strengthen economic ties, approximately 40 Chinese companies convened with representatives from the Cambodian Chamber of Commerce to explore promising investment opportunities across various sectors in Cambodia. The meeting was spearheaded by Oknha Banthi Vinh Hour, Vice President of the Cambodian Chamber of Commerce, and Ji Lin, President of the China […]

Japan Plans to Establish Rural Special Economic Zones to Boost Cambodian Agriculture

In a significant move to enhance Cambodia’s agricultural sector, the Japan Development Institute Ltd. (JDI) has unveiled plans to establish rural special economic zones in the country. This initiative was highlighted during a meeting on May 19, 2025, between Mr. Heng Ratana, CEO of the Cambodian Mine Action Centre (CMAC), and Dr. Shoichi Kobayashi, an […]

Kampong Speu Province Welcomes New Cement Giant: Factory Inaugurated with Investment Over USD250 Million

  Kampong Speu Province is set to bolster its industrial landscape with the recent inauguration of a large-scale cement factory, officially opened on May 20, 2025, under the leadership of Prime Minister Hun Manet. The factory, located in Oral District, represents a significant investment of over USD 250 million by Conch KT Cement Company, marking […]

Investment Surge in Cambodia: 13 New Projects Proposed

In a promising development for Cambodia’s economy, a group of investors has submitted applications for 13 qualified investment projects, boasting a combined capital of USD 318 million. The Council for the Development of Cambodia has commenced a thorough evaluation of these proposals, signaling a potential boost to the nation’s industrial landscape. During a meeting held […]

Cambodia Sees Surge in Investment: 231 New Projects Worth USD 3.4 Billion Approved in Early 2025

In an encouraging start to 2025, Cambodia has demonstrated robust economic growth, with the Council for the Development of Cambodia approving 231 new investment projects in the first four months, totaling an impressive USD 3.4 billion. This marks a significant increase of 34% in investment capital compared to the same period last year. The latest […]