Sokimex Plans $20 Million Hotel on Peninsula Site

Sokimex Petroleum Co plans to develop a $20 million luxury hotel and entertainment center on the Chroy Changvar peninsula—on a site once earmarked for a national conference center and exhibition hall, government and company of­ficials confirmed.

The valuable riverfront property, situated opposite the Royal Pal­ace, was cleared of about 90 fam­ilies in 2001 to make way for the cen­­ter and a planned pavilion for Cam­bodia to host the 2002 Asean Tourism Forum.

But the construction, which be­gan under former municipal governor Chea Sophara and stalled with his removal in 2002, was never completed. The building has re­mained a concrete skeleton.

“The city has granted it to me with a plan… It could be an enter­tain­ment center,” Sokimex Presi­dent Oknha Sok Kong said last week. He declined to give details.

Chhuon Sothy, director of the mun­­i­cipality’s Department of Ur­ban­­ization and Land Manage­ment, confirmed that Sokimex’s pro­­posal was submitted late last year and that city and company ex­perts were still negotiating the de­tails.

“I did not see any new plans. I saw only a letter from Sok Kong. The city wants to hand it over to Sok Kong for development,” Chhuon Sothy said.

A second municipal official, speaking on condition of anonymity, said some $20 million may be spent on the 17-hectare site. More details will be released in the next three months when a stu­dy of the plan is finished, of­ficials said.

Mam Bunneang, mun­icipal first deputy governor, said the municipality was happy a private firm was taking on a project that the city could not afford to complete. Though the future look of the pe­ninsula remains a secret, it will not take away from the area’s natural beauty, Mam Bunneang said.



Related Stories

Latest News

The Weekly DispatchA new weekly newsletter from The Cambodia Daily delivering news, analysis and opinion to your inbox. Published every Friday at 11:30am. Sign up today.