US$574mil Sihanoukville construction project sign of ‘rebound’

An aerial view of unfinished construction in coastal Preah Sihanouk province in January 2022. - MPWT

PHNOM PENH: A senior official of Preah Sihanouk province and a tourism sector representative regard the nearly US$600 million investment by Ban Dao Investment Co Ltd for constructing a five-star hotel and commercial complex in Sihanoukville as a sign of confidence in the Cambodian economy and a response to the rebounding tourism sector.

The Council for the Development of Cambodia (CDC) recently granted a final certificate of registration for the company’s $574 million project which includes a hotel on Poy Tamong Beach Street in the provincial town’s Commune IV.