US Sanctions Chinese Company Developing Resort in Cambodia

The U.S. Treasury Department has imposed economic sanctions on a Chinese company that operates in Cambodia, citing its land seizure and displacement of families to make way for a $3.8 billion luxury gambling and lifestyle project.

The Dara Sakor Seashore Resort, developed by the Chinese company Union Development Group (UDG) in unspoiled Koh Kong province, includes an international airport and a port for cruise ships that “credible reports” suggested could be used by the Chinese military.

The company describes the undertaking as part of Beijing’s global Belt and Road infrastructure initiative, and on Thursday, its parent company, Tianjin Union Development Group, told Cambodia’s government-affiliated Fresh News, the allegations against UDG by the U.S. Treasury Department have “ignored the facts on the ground” and made up a story.

In full: https://www.voanews.com/east-asia-pacific/us-sanctions-chinese-company-developing-resort-cambodia

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.