A Chinese real estate developer is planning a 30,000-hectare commercial and tourism development in two Koh Kong province districts, the second such development to be announced this month in the province, officials said.
Thai, British and Dubai investors said last week that they were also planning an “environmentally friendly city” in the province, which is now home to the newly-refurbished Road 48 leading to the Thai border.
Eang Sophalleth, spokesman for Prime Minister Hun Sen, said Thursday the Chinese company Tianjin Investment Development Group, which annually develops 2 million square meters of real estate in China, are to make an initial investment of $300 million in Koh Kong before internationally tendering construction contracts of unknown value in January 2009.
The development will involve a golf course, a financial center and 30,000 rooms in three to five-star hotels, he said.
Koh Kong Deputy Provincial Governor Bin Sam Ol said Friday the project will be located in Botum Sakor and Kiri Sakor districts but will not harm the 171,250-hectare Botum Sakor National Park and will include no casinos.
“It is a tourism site because there are mountains, sea and forests,” he said.
“It is a big project and they will use workers from Koh Kong,” he added.