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

  • ‘Life goes on’ if Cambodia loses Everything But Arms

    Cambodia's business sector is exploring ways to mitigate any fallout from a possible loss of access to the EU’s Everything But Arms (EBA) agreement as talks continue before the 28-member bloc makes a final decision. The EU monitoring process is set to conclude in

  • Nesat beach: A magnet drawing tourists to the Kingdom’s coastline

    A white sandy beach lined by countless coconut trees awaits travellers off Cambodia’s southwest coast in Koh Kong province’s Srae Ambel district, about 170km from Phnom Penh. Over the past few years Nesat beach – a name inspired by a nearby fishing village – has

  • PM: Workers must train for Industry 4.0

    Prime Minister Hun Sen has urged the Kingdom’s workforce to seek more technical training and strengthen their skills if they are to avoid job losses resulting from the Fourth Industrial Revolution. Hun Sen said the fourth industrial revolution is like a double-edged sword that

  • Huawei applies for OS trademark in Cambodia

    China's Huawei Technologies Co has applied to trademark the “Hongmeng” operating system (OS) in a number of countries including Cambodia in a bid to launch its homegrown operating system as a replacement for the Android OS, Reuters has reported. Huawei has applied to trademark the “