US$30 Million Tourism Resort Project in Koh Kong Province Approved
AKP Phnom Penh, April 14, 2023 --

A tourism resort development investment project has received green light from the Council for the Development of Cambodia (CDC).

With an investment capital of US$30 million, the project will be developed on Koh Totoeung island located in Koh Sdach village, Koh Sdach commune, Kiri Sakor district, Koh Kong province by Den Nokor (Cambodia) Investment Co., Ltd., according to a CDC’s news release issued yesterday.

The new project is expected to generate 142 jobs for the locals, it added.
AKP

April 18, 2023
Further development announced for Cambodia’s islands
The Council for the Development of Cambodia (CDC) has just approved 11 new investment projects with a total investment of more than 177 million dollars – including new development projects on 2 of Cambodia’s islands

The Cambodian Investment Committee of the Council for the Development of Cambodia has decided to issue investment project registration certificates to the following companies:

* GTVC IMPORT EXPORT CO., LTD “One Island” investment development project, located in Sangkat Koh Rong Samloem, Koh Rong City, Sihanoukville Province with an investment capital of approximately $ 7.7 million and creating 49 jobs.

DEN NOKOR (CAMBODIA) INVESTMENT CO., LTD Investment project for the development of tourist resort on Koh Toteung and other related activities located in Koh Sdach village, Koh Sdach commune, Kirisakor district, Koh Kong province with an investment capital of approximately 30 million USD and creating 142 jobs.
https://www.khmertimeskh.com/501274678/ ... s-islands/

* For those who don't know, GTVC Co. is owned by a well-known oknha who operates a jet boat company out of Sihanoukville. If you have seen an article in CEO News about a fisherman being saved at sea, or a pregnant island woman going to the mainland to give birth, or a sick tourist being taken to hospital from Koh Rong, then you have seen photos of this boat company and the boss in action.

Two island projects worth $37.7M okayed in H1
Hin Pisei | Publication date 10 July 2023 | 21:26 ICT

Cambodia “received” two new island tourism investment projects with total registered capital of $37.7 million in the first half (H1) of 2023, as the government targets 4.4 million international visitors and 16 million domestic trips by locals for the entire year, according to Ministry of Tourism permanent secretary of state Tith Chantha.

These were the Koh Muoy and Koh Totoeng projects in Preah Sihanouk and Koh Kong provinces, respectively, Chantha noted in a report on the Kingdom’s tourism plans through to 2024. Based on similar language used in prior reports, The Post interprets this to mean that these were the sole two developments of their kind approved by the government over the first six months of the year.

According to him, this was down from six such developments a year earlier worth a combined $3.770 billion, which represented an increase of roughly 1,000 per cent on January-June 2021.

He described cultural and natural tourism as a “green gold” priority sector for Cambodia, highlighting the huge positive effects it can have on livelihoods and socio-economic development, particularly by generating and facilitating employment, income and export opportunities.

On a related note, local company HTTH Island Investment Co Ltd earlier this year was reported to be conducting a feasibility study for a 16.68sq km eco-tourism development project on Koh Thmey island, just southeast of Prey Nop district’s Ream National Park in Preah Sihanouk. No updates on that undertaking were immediately available.

Two officers at that company are listed in the Ministry of Commerce’s business registry as “Hun To” and “Leng Hour” – both men with the “oknha” Khmer honorific – with the former being the senior.
https://www.phnompenhpost.com/business/ ... -okayed-h1

The article below will be added to as new information becomes available on the development projects, the companies involved, or other details relevant to the development of the islands.If you have information feel free to post it here.

Spokesperson: 25 private companies are investing in 19 islands in Sihanoukville
Appeared 18 minutes ago
On Saturday, July 15, 2023
By Sokhom Khon

Kheang Phearum, spokesman for Sihanoukville Provincial Hall, said that as of 2023, 25 private companies were investing in 19 of the 30 islands in three districts in Sihanoukville that had contributed to the development of this coastal province.

In Sihanoukville, there are 4 companies investing in 4 islands:
1. Sea Snake Investment Group Ltd. Koh Dek Koul Location Development Project.
2. Twin Golden Lion Co., Ltd. Koh Treh location development project.
3. Koh Puos (Cambodia) Investment Group Ltd. Koh Puos location development project.
4. Island DG (Camdodia) Limited. Koh Thas or Mangrove Island Development Project.

In Koh Rong city, [Koh Rong Island] there are 8 companies investing in 9 islands, including:
1. Royal Group Koh Rong Development Company Co., Ltd Koh Rong location development project.
2. Koh Rong Sanloem Island Resorts Co., Ltd A project to develop a part of Koh Rong Samloem.
3. Emario Shonan Marin Corporation Ltd. In collaboration with U Property Management Co., Ltd, a project to develop a part of Koh Rong Samloem.
4. Brocon Investment Co., Ltd. Koh Oun and Koh Bong location development project (Song Saa Island).
5. Monarch Investment Co., Ltd Koh Tang Location Development Project
6. T.T.Y Corporation Co., Ltd Koh Kong Location Development Project.
7. PMFannan Company, one island two island development project (two west, two east).
8. G.T.V.C Investment Company develops an island location.

In Prey Nob district, there are 13 companies investing in 6 islands:
1. Angela Real Estate Ltd., a project to develop the location of Koh Bris or Koh Chanlou.
2. Ream Resort & Development Co., Ltd.
3. RPB Investment Co., Ltd Koh Krabei location development project.
4. Everspring Resort Co., Ltd A project to develop a part of Russey Island.
5. Koh Russey Resort Ltd A project to develop a part of Koh Russey.
6. Koh TaKiev Investment Co., Ltd The first development project in the part of Takeo Island.
7. Prince Real Estate (Cambodia) Group, a project to develop a part of Takeo Island.
8. H.T.T.H Island Investment Co., Ltd Project to develop part of Koh Thmey
9. Celestial Stars Limited Company Project to develop part of Koh Thmey.
10. Yeejia Development Company Ltd A project to develop a part of the new island.
11. Willong International Investment Co., Ltd. A project to develop a part of Koh Thmey.
12. Ho Vuthy Company of Duke Ho Vuthy, a project to develop a part of Koh Thmey.
13. OCIC, a project to develop a part of the new island.(Koh Thmey)

Source: Kampucheathmey