The Rise of CBD in Cambodia Dara Sakor Tourism, Infrastructure and Investment Promotion Advance Together to Reshape the New Image of Cambodia's City

October 12, 2024 04:38 PM AEDT | By Cision
Follow us on Google News: https://kalkinemedia.com/resources/assets/public/images/google-news.webp

KOH KONG, Cambodia, Oct. 12, 2024 /PRNewswire/ -- Recently, COASTAL CITY DEVELOPMENT GROUP has newly upgraded Cambodia Dara Sakor -Stardream Lake area and will plunge 200 hectares of land into sale in the coming year. Behind this series of land deals is part of a new upgrade program for Cambodia Dara Sakor -Stardream Lake area and an important project for economic investment between China and Cambodia.

According to the Cambodian Development Council (CDC), in August 2024, Cambodia has approved 53 investment projects with an agreed investment of US$1.2 billion. Among them, Chinese investment ranked first, accounting for 84.7% of the investment value. This indicates that China's investment in Cambodia is in a solid position and is increasing significantly. In addition, the bilateral trade volume between Cambodia and China exceeded 10 billion U.S. dollars in the first 8 months of this year, with a year-on-year growth of 24.5%, further consolidating China's position as Cambodia's largest trading partner.

Cambodian Prime Minister Samdach Hun Manet hosted the groundbreaking ceremony of the Dechon Phuoc Nam Canal project in August this year, which has a total investment of 1.7 billion U.S. dollars and is led by Cambodian state-owned enterprises and local enterprises, while Chinese enterprises are involved in the investment and construction of the second phase of the canal. The project will not only promote regional economic development, but also create a large number of local employment opportunities. Meanwhile, Cambodia has implemented the electronic entry system in the three major international airports of Phnom Penh, Siem Reap and Sihanoukville since 1st September, integrating the original forms of various types and adding functions such as purchasing Angkor Wat tickets, inquiring about tourism information and relief information, etc., to further facilitate tourists.

This series of activities and policy initiatives have greatly enhanced Cambodia's investment attractiveness. According to inside sources, most of the 200 hectares of land to be sold in Dara Sakor area are located within key development areas, and the sale of these plots will bring a sizable injection of capital for future development projects. These land deals are not only part of the region's new upgrading program, but are also intended to promote the comprehensive development of the area.

The new upgrading plan for Dara Sakor -Stardream Lake area covers a multi-level spatial structure of "one ring, two centers, two axes, two belts, three cores and six areas", with the aim of providing a comprehensive leisure and vacation environment for tourists and residents. Specifically, it includes a recreational resort area, a lake ecological resort area, a comprehensive service support area, a European cultural neighborhood, a coastal tourism demonstration area and a Buddhist theme park. These carefully planned areas will not only promote the development of the local economy, but also enhance the international image of Dara Sakor area, attracting more domestic and foreign tourists to come for sightseeing, leisure and vacation. At the same time, the advancement of these plans will also lead to the prosperity of the real estate market in the region, providing many opportunities for investors.

For investors and travel enthusiasts concerned about the development of real estate in Southeast Asia, this series of changes in Dara Sakor region is undoubtedly attractive. With the improvement of regional infrastructure and tourism services, Dara Sakor is expected to become the next internationally renowned tourist and vacation destination.

This exclusive inside story of the land deal in Dara Sakor area reveals the huge potential for the future development of the area. Under the active promotion of the Cambodian government, the new upgrade plan of Dara Sakor area is gradually coming into effect, and the continuous improvement of various infrastructures and tourism services have made this area an emerging hotspot for global investors and tourists. We will continue to focus on the further development of the area and bring you more exclusive reports.

Company: COASTAL CITY DEVELOPMENT GROUP CO.,LTD.   
Contact Person: Lei Tian
Email: [email protected]
Website: http://www.coastalcitygroup.net/
Telephone: 0975720964
City: Koh Kong


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (“Kalkine Media, we or us”), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content.
Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have made reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.

Two ASX Listed Stocks Giving Bullish Indications

Recent Articles

Investing Tips

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.