Reports CAMBODIA MARKET REPORT


The Coastal City project, Dara Sakor resort. The Bay of Lights project in Sihanoukville


The Bay of Lights project in Sihanoukville is an 834


hectare project in Ream City forecast to boost tourism by three million visitors by


2030, create 330,000 new jobs by 2040 and with new dwellings boost population growth by 160,000 by


2050. The project is costing $20bn and involves a golf and villa resort, theme park, wellness resort, yacht and marina club, shopping malls, offices, and luxury villas.


are some concerns over the level of Chinese investment.


One such project is the Bay of Lights in Sihanoukville by Canopy Sands Development, a member of the Prince Holding Group, led by Chinese developer Chen Zhi. Tis 834 hectare project in Ream City is forecast to boost tourism by three million visitors by 2030, create 330,000 new jobs by 2040 and with new dwellings boost population growth by 160,000 by 2050.


Te project is costing $20bn and involves a golf and villa resort, theme park, wellness resort, yacht and marina club, shopping malls, offices, and luxury villas. Te project broke ground at the end of last year and phase one includes


hotels and MICE facilities and is due to be completed by 2028.


Other infrastructure plans include a $4bn high- speed rail plan to modernise a 382km section between Phnom Penh and Poipet plus a $1.4bn expressway to be built by China Road and Bridge Construction from the capital to Bavet. Tis company completed a $2bn 190km expressway linking the capital to Sihanoukville last year.


Meanwhile, a new airport in Phnom Penh is being constructed at the formally known Techo International Airport and is expected to be completed in 2025. Te $1.5bn project began in 2019 and will be capable of handling 13 million passengers a year in the first phase, 30 million


WIRE / PULSE / INSIGHT / REPORTS P55


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