Nearly a decade ago, Cambodia’s Land Ministry introduced plans for a new capital city that were as opulent as they were otherworldly. The grand proposal was erected at a technology conference, where an entire gallery was filled with plastic towers built in the image of a brand new, futuristic Cambodia: bright blue and green towers stretched their silver spires toward the conference room ceiling, their glossy finish reflecting the dingy incandescent light of the bulbs shining overhead.
Whatever happened to Cambodia’s Dragon City?
Nine years ago, Cambodia’s Land Ministry proposed a new, high-tech capital called “Dragon City” on the outskirts of Phnom Penh. Nearly a decade later, the $80bn development has yet to break ground – but the visionary behind the ambitious project is hoping that changing the Kingdom’s strict foreign ownership laws may tempt Chinese investors back to the bargaining table.
