US$480 Million in Hotel Investment Projects in Preah Sihanoukville Approved

On 6 May, the Council for the Development of Cambodia (CDC) approved hotel investment projects worth US$480 million and generating about 10,000 jobs. The approved investment projects are five-star hotels and entertainment center.

According to a post on CDC’s Facebook, CDC’s investment committee has decided to register Zhi Xu Investment Co Ltd located in Preah Sihanoukville province which is investing in a 193-room five-star hotel with total investment of US$62.8 million. The project will generate 839 jobs.

Zhi Xin Investment Co Lte is investing in a 324-room five-star hotel with a total investment US$111 million and generating 4,960 jobs.

Prince Tian Xi Wan Co Ltd is investing US$304 million in building a 393-room five-star hotel in Preah Sihanoukville province which will generate 4860 jobs.

The CDC also registered Phat Phnom Penh Co Ltd to invest in an entertainment hub located in Chroy Changvar district, Phnom Penh. It will investment US$55 million, generating 715 jobs.

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