Poipet Sees Green Light for Us$68 Million Investment Projects

• 13 August 2018
• Property Focus
• 5408 Views

On 10 August, 2018, the Council for the Development of Cambodia (CDC) gave the green light to Boonma Heng Co., Ltd. to build a four-star hotel and a supermarket at a cost of US$68.29 million in Poipet City, Banteay Meanchey Province.

According to CDC, the projects are located in Kbal Spean Village, Sangkat Poipet, Poipet City, Banteay Meanchey Province which will bring another 836 jobs to the province.

However, the CDC has not yet clarified the details of the projects, such as the date of construction and completion or the duration.

Poipet is one of the fastest-growing cities in the country, bordering Cambodia and Thailand. The construction and real estate have seen rapid growth in recent years.

Between 2013 and 2017, 970 projects across the country worth more than US$23 billion have been approved by the CDC, 35% of which have been infrastructure-related investments. (Read more)

• Projects Development