New Five-Star Hotel Worth US$128 million Approved for Boeng Keng Kang District

• 18 January 2022
• Local News
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The Council for the Development of Cambodia (CDC) has given a permit to K.B.X Investment Co., Ltd to invest US$128 million in building a new five-star in the centre of Phnom Penh city.

According to the CDC announcement on Monday 17 January, the hotel will be located along Monivong Blvd, in Sangkat Boeung Keng Kang III and will create at least 730 jobs for locals.

On the same day, CDC also gave permits to nine other companies with a total investment value of almost US$2billion.

Phnom Penh has been attracting plenty of five-star hotels and skyscrapers. Early this year, PM Samdech Hun inaugurated US$180-million Hyatt Regency Phnom Penh. (Read more)

Meanwhile, another US$230-million Chip Mong Tower, home of Fairfield by Marriott hotel, has been recently topped off and will be ready for operation by late this year. (Read more)

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