The government has approved the construction of a $100 million five-star hotel in Preah Sihanouk province that officials say will be ready to welcome tourists once Covid-19 disappears.
The Council for the Development of Cambodia (CDC) issued a final certificate of registration to Yong Wang (Cambodia) Co Ltd to build the 700-room establishment with a capital investment of $108 million.
The hotel is expected to create 858 jobs and will be located in the top tourist area of the provincial capital of Sihanoukville – Commune IV’s Village 4, the CDC said in a press release on Friday.
Preah Sihanouk Provincial Hall spokesman Kheang Phearum told The Post on Monday that the province, a potential eco-tourism destination, remains a magnet for foreign direct investment (FDI).
He said infrastructure improvements, redevelopment of beaches, the repaving and upgrading of 34 roads, and eco-tourism progress on all 32 islands are attracting strong investment and foreign tourists.
“The provincial administration considers Preah Sihanouk province a multi-purpose model special economic zone and a tourist destination.
Preah Sihanouk province currently has 107 hotels, and 33 companies investing in accommodation, supermarkets and tourism development areas.
https://www.phnompenhpost.com/business/sville-100m-five-star-hotel-approved