Tourism and Travelling
Welcoming Vaccinated Tourists by Year’s End Will Also Boost Real Estate Sector, says Expert
Real estate expert and President of KW Cambodia Dr Kim Heang has expressed optimism that the real estate sector will also gain momentum if the government decides to allow vaccinated international tourists to enter Siem Reap by Q4 this year. Dr Kim Heang said that this is a smart move by the government, like many other countries. "Obviously, tourists will help restore the economy, especially ...
Read MoreVietnam Establishes New 1,600-Hectare Special Economic Zone on Border of Kampot and Takeo Provinces
Vietnam has established a new 1,600-hectare special economic zone at the border between Hà Tiên province and Cambodia’s Kampot and Takeo provinces. According to Vietnam News, the Hà Tiên Border-Gate Economic Zone is located in the Mekong Delta of Kiên Giang and covers five communes of Vietnam. The area is also bordered with Kirivong district inTakeo province, as well as Banteay Meas and Kamp...
Read MoreColliers: Asia Pacific Hospitality Sector Expected to Hit 2019 baseline by 2023, Cambodia to Lead in Casino Segment
The Asia-Pacific hospitality sector is projected to recover steadily from the last quarter of 2021 onward, and to hit the 2019 baseline by 2023, according to a recent report by an investment management company Colliers International. The report, entitled Colliers Hotel Insights Q1 2021, also predicted that Cambodia and Macau will lead the way in the casino segment, with Singapore, the Philippin...
Read MoreMalaysia’s MIDF Research: Cambodia Aviation Market to Quickly Recovery in Next Two Years
Malaysia's MIDF Research has predicted that the Cambodian aviation market will gain momentum in the next two years after the COVID-19 pandemic subsides, according to The Malaysian Reserve. The forecast analysed the 2021 and 2022 financial status of Malaysian firm Muhibbah Engineering, which has a 21% stake in Cambodia's three major airports: Phnom Penh, Siem Reap and Sihanoukville airports. ...
Read MoreLarge-Scale Infrastructure Renovations in Siem Reap and Sihanoukville Part of Tourism Recovery Roadmap
The government earlier this week approved the Roadmap on Cambodia's Tourism Restoration Plan, of which the large-scale infrastructure renovations in Sihanoukville and Siem Reap are the most crucial drivers in attracting more tourists after the pandemic subsides. The road map is divided into three stages. The first and the most important is the rehabilitation of tourism through public investment...
Read MoreCentury Entertainment Hopes to Open Large Koh Kong Casino by late April After Delays
Hong Kong-based casino operator Century Entertainment International Holdings Ltd hopes to open its casino at a new venue in Dara Sakor district in Koh Kong province by late April after delays due to the COVID-19 pandemic, reported IAG. According to the initial plan, the casino was set to open start operations by February after finishing the relocation procedure from Sihanoukville. However, due ...
Read MoreConstruction of Mondulkiri Airport Moved to 2023, Prelim Study Completed
Construction of the Mondulkiri airport is expected to begin in 2023 as the investment firm will take at least one full year to conduct a comprehensive study on the recently-completed preliminary study, according to the State Secretariat of Civil Aviation (SSCA)’s spokesman. SSCA spokesman Sin Chansereyvutha said this morning that although the preliminary report has been completed, there are oth...
Read MoreTransport Ministry to Upgrade Dong Tong River Port in Koh Kong Province
The Ministry of Public Works and Transport has unveiled a project to upgrade an existing port on the Dong Tong River in Koh Kong province to facilitate waterway transportation for fishing boats and tourism cruise ships. To date, the port upgrade proposal has already been submitted to the Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy (ACMECS) for funding, according to the ministry’s...
Read MorePrivate Firm Unveils Study on Mondulkiri Airport Project
The responsible company this morning presented a brief feasibility study report on the new Mondulkiri Airport to the State Secretariat of Civil Aviation for consideration, marking another step forward for this US$60-million project. The meeting was chaired by the Secretariat of Civil Aviation HE Mao Havannal and attended by company representatives as well as consultants. The objectives of th...
Read MoreNagaCorp Working on Fresh Plans for Recently-Rejected Siem Reap Resort, says Chairman
In response to the government’s recent rejection of the proposed US$350-million Siem Reap resort, NagaCorp Chairman Tim McNally has said that the firm is working on fresh plans to make the project possible, reported GGR Asia yesterday. The rejection was made by the Ministry of Culture and Fine Arts on 23 March, stating that the project would negatively affect the archaeological park so it canno...
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