Koh Rong $285 Million Investment Announced January 2020
- basta.binici
- Expatriate
- Posts: 279
- Joined: Sat Dec 15, 2018 12:47 pm
- Reputation: 24
- Contact:
Koh Rong $285 Million Investment Announced January 2020
Royal Group, the biggest investment company in Koh Rong as well as one of the biggest ones in Cambodia, has announced a $285 Million dollars ($2 Billion Chinese Yuan) development project with a Chinese partner (Royal Galaxy Group).
The group is aiming to develop:
“... a five-star hotel, international conventional center, resorts, duty-free shops, supermarkets and 600 units of a villa-style resort”
Royal Group president Kith Meng states that after getting results of high occupancy rates and high profitability at Royal Sand Resort, Royal Group decided to invest in touristic development of Koh Rong island:
“In its next step, the company will continue to build international class hotels and restaurants as well as casinos to develop Koh Rong island become a model island for Cambodia”
...
For reading more:
https://kohrongre.com/koh-rong-285-million-investment/
Tags: Koh Rong, real estate development, tourism development, beachfront, Koh Rong airport, Koh Rong solar power plant, Koh Rong property news
Re: Koh Rong $285 Million Investment Announced January 2020
Nice. Turning an already damaged Koh Rong into another sihanoukville/ pattaya.basta.binici wrote: ↑Thu Jan 16, 2020 11:15 am The group is aiming to develop:
“... a five-star hotel, international conventional center, resorts, duty-free shops, supermarkets and 600 units of a villa-style resort”
“In its next step, the company will continue to build international class hotels and restaurants as well as casinos to develop Koh Rong island become a model island for Cambodia”
I understand that they're trying to attract a different clientele (i.e. Chinese tourists), but even Asian tourists are shunning cambodia.
- CEOCambodiaNews
- Expatriate
- Posts: 62459
- Joined: Sun Oct 12, 2014 5:13 am
- Reputation: 4034
- Location: CEO Newsroom in Phnom Penh, Cambodia
- Contact:
Re: Koh Rong $285 Million Investment Announced January 2020
Big announcement last month on this: post387528.html#p387510
Join the Cambodia Expats Online Telegram Channel: https://t.me/CambodiaExpatsOnline
Cambodia Expats Online: Bringing you breaking news from Cambodia before you read it anywhere else!
Have a story or an anonymous news tip for CEO? Need advertising? CONTACT US
Cambodia Expats Online is the most popular community in the country. JOIN TODAY
Follow CEO on social media:
Facebook
Twitter
YouTube
Instagram
Cambodia Expats Online: Bringing you breaking news from Cambodia before you read it anywhere else!
Have a story or an anonymous news tip for CEO? Need advertising? CONTACT US
Cambodia Expats Online is the most popular community in the country. JOIN TODAY
Follow CEO on social media:
YouTube
-
- Tourist
- Posts: 17
- Joined: Thu Feb 13, 2020 6:14 pm
- Reputation: 0
Re: Koh Rong $285 Million Investment Announced January 2020
A shame who allows this.
-
- Expatriate
- Posts: 386
- Joined: Sun Jan 26, 2020 3:44 pm
- Reputation: 234
Re: Koh Rong $285 Million Investment Announced January 2020
Well that's a disgusting shame. Once they ruin it, there's no fixing it... : ( Maybe corona will slow them down, at least. Get your visits in now.
Do you think the parents of baby boomers whined so much when the boomers started changing society? And yet the whiney ones like to call young people "snowflakes." Hmm...
- cptrelentless
- Expatriate
- Posts: 3033
- Joined: Wed Jul 01, 2015 11:49 am
- Reputation: 565
- Location: Sihanoukville
Re: Koh Rong $285 Million Investment Announced January 2020
I think you'll find HE and fam all have their fingers in Royal, so them.
-
- Tourist
- Posts: 17
- Joined: Thu Feb 13, 2020 6:14 pm
- Reputation: 0
Re: Koh Rong $285 Million Investment Announced January 2020
Who is ER and fam?cptrelentless wrote: ↑Thu Mar 19, 2020 7:08 pmI think you'll find HE and fam all have their fingers in Royal, so them.
-
- Expatriate
- Posts: 760
- Joined: Sun Mar 04, 2018 1:43 pm
- Reputation: 142
Re: Koh Rong $285 Million Investment Announced January 2020
You would think that demand for five star hotels, resorts, convention centers, duty free shops, and 600 units of villa style resort, would eventually dry up.Queef wrote: ↑Thu Jan 16, 2020 1:51 pmNice. Turning an already damaged Koh Rong into another sihanoukville/ pattaya.basta.binici wrote: ↑Thu Jan 16, 2020 11:15 am The group is aiming to develop:
“... a five-star hotel, international conventional center, resorts, duty-free shops, supermarkets and 600 units of a villa-style resort”
“In its next step, the company will continue to build international class hotels and restaurants as well as casinos to develop Koh Rong island become a model island for Cambodia”
I understand that they're trying to attract a different clientele (i.e. Chinese tourists), but even Asian tourists are shunning cambodia.
Koh Rong also seems a little remote.
But if there are casinos. I'm sure they'll find a way to get there.
Re: Koh Rong $285 Million Investment Announced January 2020
I doubt it will go ahead now. The OP seems to be advertising a lot of properties on Koh Rong, which implies it is not that profitable with what it has, so adding more will make it worse, assuming anyone is traveling for the next year or so. And people need to consider. the warning shots were fired with SARS, and we ignored it, then MERS and we thought "hey we got this". now we have Corona, and next year it will be corona 2. the genie is out the bottle
-
- Similar Topics
- Replies
- Views
- Last post
-
- 0 Replies
- 3711 Views
-
Last post by CEOCambodiaNews
-
- 0 Replies
- 1182 Views
-
Last post by techietraveller84
-
- 12 Replies
- 5806 Views
-
Last post by rogerrabbit
-
- 3 Replies
- 1574 Views
-
Last post by Duncan
-
- 66 Replies
- 8170 Views
-
Last post by Kenr
-
- 0 Replies
- 2038 Views
-
Last post by CEOCambodiaNews
Who is online
Users browsing this forum: Majestic-12 [Bot], wolfcreek and 855 guests