US$295 million investment plans approved for five-star hotels and solar farms

More than US$295 million in investment plans have been approved for the construction of two five-star hotels in Sihanoukville province and two solar farms in Pursat and Kampong Chhnang provinces.

The Council for the Development of Cambodia (CDC) gave the greenlight on 29 August to Hai Gang Grand Hotel Co., Ltd to construct a five-star hotel with 900 rooms located in village 06, Sangkat 04, Sihanoukville Province. With investment capital of US$153 million, the hotel can create about 981 jobs.

Xigang V-Continent International Investment Co., Ltd, was also permitted to construct a five-star hotel with 1,111 rooms located in village 01, Sangkat 04, Sihanoukville province. Using around US$226 million, the hotel can create about 1,668 jobs.

CDC also gave permission for two solar farm investment projects for Scheitec Sustainable Co., Ltd located in Pursat and Kampong Chhnang provinces.

In Pursat, Scheitec Sustainable Co., Ltd will construct a 60-megawatt solar power plant in Ornsor Kdam village, Sna Ornsa commune, Krakor district using a capital investment of US$58 million, creating about 35 jobs.

The company will also construct another solar power plant in Romeas village, Taing Krasaing commune, Teuk Phos district, Kampong Chhnang province with an investment of US$58 million. The plant can produce 60 megawatts of electricity and can generate 35 jobs.

- Video Advertisement -

Related Post

Cambodian Dimension Stone Sector Generates Nearly $40 Million for National Economy

The Cambodian dimension stone and processed marble industry has emerged as a key pillar supporting the national economy, contributing nearly $40 million in royalty revenues between 2022 and early 2026. This significant financial milestone, which excludes additional internal taxes, duties, and levies, underscores the growing economic importance of the country’s domestic mineral and stone assets. […]

Chinese Research Institute and Major Corporations Explore Strategic Green Investment Opportunities in Cambodia

In a significant move toward fostering sustainable economic ties, a high-level Chinese delegation comprising leaders from a prominent research institute and several major corporations has initiated talks to explore green investment opportunities within Cambodia. The collaborative effort took center stage during an official meeting held on the afternoon of June 23, 2026, at the Ministry […]

New York City Fortifies Coastline Against Future Superstorms

In the years following the devastating flooding caused by Hurricane Sandy in 2012, New York City has undertaken a massive engineering effort to transform its vulnerable coastline into a resilient fortress. Central to this transformation is the East Side Coastal Resiliency project, which utilizes advanced infrastructure to protect critical utilities like Con Edison’s East River […]

ADB Approves $63.44 Million for 250MW/500MWh Battery Energy Storage System in Cambodia

The Asian Development Bank has officially approved a $63.44 million financial support package for the Royal Government of Cambodia to construct a 250MW/500MWh Battery Energy Storage System at the Takeo substation in southern Cambodia. According to the announcement of the Asian Development Bank (ADB) on June 24, 2026, the comprehensive financing package consists of a […]

Rooting for the Future as Kampot Greens Its Iconic Landscape with Thousand Tree Initiative

Peng Huoth Group joins forces with environmental authorities and IUCN to plant trees at Phnom Kampong Trach, supporting Cambodia’s 2050 carbon neutrality goal In a collaborative effort to expand Cambodia’s forest canopy and nurture a deep-seated culture of environmental stewardship, a major reforestation event successfully took place in the scenic landscapes of Kampot province. Organized […]

Cambodia Extends Tax Incentives for Domestic Cement Industry to Bolster Growth and Competitiveness

Prime Minister Hun Manet announces a two-year extension until the end of 2028 emphasizing that local business success acts as the ultimate advertisement for foreign investment In a decisive move to strengthen national infrastructure and support industrial self-reliance, the Cambodian government has officially extended its tax incentive package for domestic cement manufacturers for an additional […]