Developers of a completely new coastal city to be built from scratch in Cambodia’s southwestern Preah Sihanouk province have approved the sustainable development masterplan for what would become “Ream City” between Sihanoukville and Kampot and just adjacent of Vietnam’s resort island of Phu Quoc.
The city, being developed on 834 hectares at an investment of $16 billion, has been an initiative by Canopy Sands Development, a unit of Prince Holding Group, one of Cambodia’s largest and fastest growing conglomerates. It will also involve Singapore-based infrastructure and urban development company Surbana Jurong, according to a press release dated February 7.
The Ream City project seeks “to transform and catalyse the growth prospects of the entire Sihanoukville region by introducing an ecosystem of tourism, commercial and residential activity” that could house up to 130,000 residents, the statement said.
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