Koh Norea Satellite City: A Vision Unfolding – Phase I Completion Set for 2025

• 16 November 2023
• Local News
• 4481 Views

The Overseas Cambodian Investment Company (OCIC) is orchestrating the ambitious 125-hectare Norea Island Development Project, a transformative initiative valued at over US$2.5 billion. Neak Oknha Pung Kheav Se, CEO of OCIC, recently unveiled the project’s momentum, announcing the planned completion of Phase I, a monumental US$550 million investment, by the year 2025.

Neak Oknha, speaking at the inauguration ceremony of the Koh Norea bridge on November 15, emphasized, “So far, the company has spent more than US$300 million and plans to spend hundreds of millions of dollars to complete the construction of all infrastructure by 2025.” This signals a significant stride towards fulfilling the comprehensive vision outlined by OCIC.  (Read more)

With a current expenditure exceeding US$300 million, OCIC remains steadfast in its commitment to crafting a cutting-edge satellite city.

According to a report from OCIC, the Koh Norea Development Project, initiated in January 2020, is poised to redefine urban living, covering an expansive 125 hectares and accommodating approximately 50,000 residents upon completion.

As OCIC meticulously progresses through the stages of infrastructure construction, the Norea Island Development Project emerges as a symbol of innovation, promising to shape the future of urban living in Cambodia.

• Projects Development