NagaCorp Ltd, owner and operator of NagaWorld in Phnom Penh, has revealed plans to develop a US$350 million non-gaming resort in Siem Reap aimed at promoting NagaWorld and UNESCO world heritage-listed Angkor Wat as “twin tourism icons of Cambodia.”
The ambitious plan has been made possible after the Cambodian government granted NagaGroup Global Limited, a wholly-owned subsidiary of the company, a 50-year lease on 75 hectares of land located just 500 meters south of the outer restricted zone surrounding Angkor Wat. Built in the 12th century, Angkor Wat is Cambodia’s most recognized attraction and the largest religious monument in the world.
According to a Sunday night announcement, NagaCorp’s new development will be complete by 2025 – likely before the US$3.5 billion Naga3 expansion of NagaWorld opens for business – and incorporate high-end hotels, a water theme park, indoor hi-tech theme parks, a canal, water cruise attractions, and MICE facilities.
