Government Leases Extensive Land in Kep for Private Development Initiatives

• 26 June 2023
• Property Focus
• 1807 Views

In a landmark decision, the Cambodian government has allocated approximately 30 hectares of land within the scenic Kep National Park to One More, Ltd., paving the way for the development of a captivating tourist destination. This noteworthy development was confirmed through a sub-decree issued on 25 November 2022, highlighting the government’s commitment to fostering sustainable growth and attracting investment to the province.

The government has previously allocated over 200 hectares of land in Kirirom National Park, located in Kampong Speu province, to the same company. This venture aims to establish a sustainable use area, showcasing the country’s dedication to preserving its natural resources while promoting responsible tourism practices. (Read more)

In a similar vein, One Fraternity Co., Ltd. has been granted a lease for 649 hectares of land in the Oral Wildlife Sanctuary, encompassing Kdol Sen Chey Commune and Chiep Commune in the Teuk Phos District of Kampong Chhnang Province. The government’s collaboration with One Fraternity Co., Ltd. seeks to develop a naturally connected tourism area, accentuating the province’s unique natural wonders and fostering sustainable economic growth. (Read more)

The Royal Government of Cambodia has made these significant land allocations, transitioning them from public property to private ownership. The lessees include Duke Chheng Sokuntheavy, the proprietor of the national microfinance company, as well as the aforementioned companies, One More, Ltd. and One Fraternity Co., Ltd.

These strategic partnerships between the government and private entities signify Cambodia’s unwavering commitment to sustainable development, as well as the promotion of responsible and environmentally conscious tourism practices. By leveraging the country’s diverse natural landscapes, these initiatives aim to bolster the tourism sector, create job opportunities, and showcase Cambodia’s remarkable potential as an attractive investment destination.

• Laws and Regulation
• land development and policy