NagaCorp to begin main building works on Naga3 expansion by mid-2023

Hong Kong-listed NagaCorp says it expects to commence main building works on its US$3.5 billion Naga3 development in Phnom Penh, Cambodia in mid-2023, while one of the projects three hotel towers will be complete by the end of the year.

The update formed part of NagaCorp’s Annual Report, published late last week, in which Chairman Tim McNally confirmed Naga 3, the latest expansion project of its monopoly integrated resort NagaWorld, is “moving forward as planned and making good progress.”

With piling work now complete, the company revealed it is nearing completion of the basements and ground floor construction of Towers 2 and 3, while Tower 1 is making progress.

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