More Chinese Takeover in Sihanoukville

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jaynewcastle
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Re: More Chinese Takeover in Sihanoukville

Post by jaynewcastle » Sun Aug 04, 2019 10:55 pm

Absolutely crazy

The speed at which is getting worse is just getting faster & faster
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frank lee bent
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Re: More Chinese Takeover in Sihanoukville

Post by frank lee bent » Sun Aug 04, 2019 11:12 pm

another new project announced
Morgan The Pure Bay, a multi-million dollar mixed-use development by a Chinese firm, broke ground on Wednesday in Sihanoukville, on the country’s coast.

A project of Chinese-owned Morgan Group, the 38-storey building will occupy 3.2 hectares of land in Otres Beach.

It is Morgan Group’s second development in the Kingdom, following Morgan Tower in Phnom Penh’s Koch Pich, which is still under construction.

“The beautiful bay of Preah Sihanouk province impressed us and we decided to invest here,” said Ding Yongjun, managing director of Morgan Group.

“The project’s attractive design, duty-free shops, and luxury items will attract many tourists visiting the coast.”

Mr Ding did not disclose the amount invested in the project.

Preah Sihanouk Governor Kouch Chamroeun said Morgan Group’s presence in the province is the natural outcome of the current rise in tourists and will be an important contribution to Preah Sihanouk’s economy.

According to Mr Chamroeun, China continues to be the top investor in several industries in the province, including manufacturing, transportation and logistics, tourism, gambling and construction.

He said that 819 construction projects have been greenlighted since 2007 and hat the province now boasts 218 buildings higher than five storeys.

“We welcome Morgan Group’s mixed-use development project. Our province has been lucky to receive a lot of investment over the last few years, especially from China, that contributes to its development and improves people’s lives,” he said.

“This investment will contribute to the economic growth of Cambodia and create many jobs for our people, especially those living in Preah Sihanouk,” he added.

Minister of Land Management Chea Sophara, who presided over the groundbreaking, said the investment reflects the trust and confidence foreign investors have in the government’s investment policy.

“Why do we have so many development projects in Preah Sihanouk province? It is because we have political stability and impressive economic growth. If we didn’t enjoy a stable political situation and robust growth investors wouldn’t come,” he said.

In August last year, Morgan Group began the construction of Morgan Tower, a 210-metre building in the capital that will cost $160 million.

https://www.khmertimeskh.com/50629514/s ... pQyBtYRN6Q
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SINUS
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Re: More Chinese Takeover in Sihanoukville

Post by SINUS » Mon Aug 05, 2019 1:31 am

cptrelentless wrote:
Tue Jul 16, 2019 12:09 pm


The hundred metres rule is not new. Wooden "temporary" structures were tolerated, anything else is and was illegal. According to the law, that is.
what are 100 meters?
what are you talking about?
the other day on the beach ochitel began to build a new skyscraper 15 meters from the water's edge!
all do not care about the laws!
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Re: More Chinese Takeover in Sihanoukville

Post by CEOCambodiaNews » Tue Aug 06, 2019 7:52 pm

Another shock and awe before and after photo, posted on social media.
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Re: More Chinese Takeover in Sihanoukville

Post by frank lee bent » Fri Aug 09, 2019 8:22 am




Karma for the casinos
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Re: More Chinese Takeover in Sihanoukville

Post by SternAAlbifrons » Fri Aug 09, 2019 8:32 am

CEOCambodiaNews wrote:
Tue Aug 06, 2019 7:52 pm
Another shock and awe before and after photo, posted on social media.
Image
Look what they've done...
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frank lee bent
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Re: More Chinese Takeover in Sihanoukville

Post by frank lee bent » Fri Aug 09, 2019 9:11 am

Khmer people are really suffering from the floods caused by development
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Greedy motherfuckers caused this.
More rain is on the way.
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Re: More Chinese Takeover in Sihanoukville

Post by Clemen » Fri Aug 09, 2019 10:11 am

Frank, first everyone is complaining in dry season that's there's no water because they sold the reservoir to the Chinese. Now they're complaining there's too much water. You just can't please some people.
This was our neighbors wall, now they have a pool, to me that's win-win.

ImageImage
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Re: More Chinese Takeover in Sihanoukville

Post by John Bingham » Fri Aug 09, 2019 10:59 am

Looks like Aleppo or something, what happened to the place?
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Re: More Chinese Takeover in Sihanoukville

Post by Clemen » Fri Aug 09, 2019 11:02 am

Two weeks ago someone cleared all the trees off the lot on the hill above them.
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