Logo of Phnom Penh Post newspaper Phnom Penh Post - CDC gives $68M hotel project nod for Poipet

CDC gives $68M hotel project nod for Poipet

CDC gives $68M hotel project nod for Poipet

The Council for the Development of Cambodia (CDC) has approved a more than $68 million hotel project in Poipet town, it said on Friday.

The project, funded by Boonma Heng Co Ltd, aims to build the first four-star hotel in the province, complete with 392 rooms and a shopping centre in Poipet’s Kbal Spean 1 village. The venture is said to create up to 836 jobs.

The Post could not find any official websites for Boonma Heng, nor anything about the company from the Ministry of Commerce’s listings.

Poipet governor San Sean Ho told The Post on Sunday that he had not received any information about the project as yet, but he welcomed any major development in the town.

He said Poipet has about 50 hotels and more than 30 guesthouses. “But it is beginning to face a shortage of such accommodation and needs more rooms,” he said.

He said Poipet, which is the main border crossing to Thailand, is now attracting more interest from investors, especially those from China.

Poipet has three operational special economic zones with another two in the works.

At the beginning of this year, a report from CL Realty said the price of land in Poipet was between $100 and $1,000 per square metre.

CL Realty CEO Sear Chailin said the country’s main international gateway is showing high potential for both trade and tourism.

“Because of these favourable conditions, the land price in Poipet town is going up,” he said.

MOST VIEWED

  • The hairy little heroes saving many lives in rural Cambodia

    IN RURAL Siem Reap province, rats dare to tread where no person will, as these hairy little heroes place their lives on the line each day for the good of the local community. The rodents are the most important members of a special team, leading

  • Hun Sen’s China visit ‘a good opportunity’

    Prime Minister Hun Sen’s visit to Beijing on Sunday to discuss economic and trade issues presents a good opportunity for the Kingdom to strengthen Chinese ties and counter punitive measures by the West, an analyst says. The prime minister’s four-day official visit to

  • Former chief bodyguard receives royal pardon

    The former chief bodyguard of late Senate president Chea Sim has received a royal pardon nearly eight years after he was sentenced to 15 years behind bars on several charges, according to a royal decree dated November 12, last year, and obtained by The Post on Wednesday.

  • PM warns EU and opposition on 34th anniversary of his rule

    HUN Sen reached the milestone of 34 years as Cambodian prime minister on Monday and used the groundbreaking ceremony for a new ring road around Phnom Penh to tell the international community that putting sanctions on the Kingdom meant killing the opposition. “Please don’t forget