US$168 Million Hotel Project in Sihanoukville Approved
A five-star hotel project has recently received green light from the Council for the Development of Cambodia (CDC).
With an investment capital of US$168 million, the 957-room hotel project will be developed in village 4, Sangkat 4, Sihanoukville, Preah Sihanouk province by Huan Hai Bo Lai International Investment Co., Ltd., according to a CDC’s news release.
The new project is expected to generate nearly 1,000 jobs for the locals, it added.
At the same time, CDC approved five other investment projects with a total capital of US$87.6 million, creating some 4,000 job opportunities.
The newly approved projects concern the processing of planted trees; construction, installation and operation of telecommunication towers; manufacture of footwear and auto spare parts; and construction of yarn factory.
Source: Agency Kampuchea Press