Logo of Phnom Penh Post newspaper Phnom Penh Post - We’re going to Wisney World!

We’re going to Wisney World!

Content image - Phnom Penh Post
The capital’s Koh Pich on Wednesday was the site of the inauguration ceremony for a $1 billion Sihanoukville resort project dubbed Wisney World. Heng Chivoan

We’re going to Wisney World!

More than 6,000 mostly Chinese attendees witnessed the inauguration ceremony of a $1 billion Sihanoukville resort project called Wisney World in the capital on Wednesday.

The event on Koh Pich, attended by several senior Cambodian government officials, is a joint venture between China’s AMC International and Malaysian company SV International.

According to a statement from the companies, the project will be developed on a 65-hectare plot in the southern coastal town and will include water parks, hotels, casinos, malls, gardens and churches.

AMC and SV claim they have been operating a hotel and casino in Sihanoukville; however neither of their websites reveal the name of this establishment.

The Wisney World project is operating as a joint venture under the name Wisney Resort City Development Co Ltd (WRCD).

Deputy Prime Minister Men Sam An said that currently Sihanouk province is becoming a more popular tourist destination and is attracting international investment .

She said this new project will bring in more tourists--both foreigners and Cambodians.

“The starting of this project is the right decision because now Sihanoukville is regarded as a rising star in the south east of Cambodia,” she said, “I hope that Wisney World will fill gaps that are lacking in Sihanoukville’s entertainment sector.”

Over 1.2 million Chinese visitors came to Cambodia last year, accounting for more than 21 percent of the total 5.6 million international visitors, according to figures from the Ministry of Tourism.

Much of the investment in tourism has been focused on bringing visitors from China to the Kingdom’s coastal town of Sihanoukville.

Content image - Phnom Penh Post
Deputy Prime Minister Men Sam An (centre) waves at the ceremony to kick off the Wisney World project in the capital on Wednesday. Heng Chivoan

However, Sihanouk provincial governer, Yun Min said he don’t know of any huge project like this in his province.

“I don’t know about this project,” he said.

Sorn Seap, director of Phnom Penh’s Key Real Estate, claimed that he also wasn’t aware of the project, but said Sihanoukville holds potential for success.

“I know that the companies from China have a lot of money,” he said, “but such expensive projects, there must be strong support from the international market to be successful.”

As the beach town changes and the government welcomes the surge in development spending, many local owners have asserted that Chinese investment has created a closed loop with few new opportunities for Cambodians, forcing locals out of any potential economic gain.

Many local business owners have expressed worry that they will be edged out by the influx of Chinese investment.

MOST VIEWED

  • PM to vet NY holiday dates

    The Ministry of Economy and Finance submitted a letter to Prime Minister Hun Sen asking him to formally set a five-day national holiday from August 17-21 to make up for the Khmer New Year holiday in April that was postponed. Finance minister Aun Pornmoniroth sent

  • Cambodia rejects UN rights claim

    Cambodia's Permanent Mission to the UN Office in Geneva on Friday hit back at David Kaye, the UN special rapporteur on the Promotion and Protection of the Right to Freedom of Opinion and Expression after he raised concerns over the repression of free speech and

  • Snaring may spawn diseases

    The World Wildlife Fund (WWF) has warned that snaring of animals has become a crisis that poses a serious risk to wildlife in Southeast Asia and could spawn the transmission of zoonotic diseases to humans. Its July 9 report entitled Silence of the Snares: Southeast Asia’

  • Ex-party leader, gov’t critic named as secretary of state

    A former political party leader known for being critical of the government has been appointed secretary of state at the Ministry of Rural Development, a royal decree dated July 9 said. Sourn Serey Ratha, the former president of the Khmer Power Party (KPP), told The Post

  • Residence cards set for over 80,000 immigrants

    The Ministry of Interior plans to grant residence cards to more than 80,000 immigrants to better keep track of them. The ministry announced the plan on July 10, following the results of an immigration census. “An inter-ministerial committee and many operational working groups have been set up

  • Kingdom produces PPE gear

    Medical supplies from Cambodia have been donated to member countries of the Asian Development Bank (ADB) to assist in the fight against Covid-19, said an ADB report published on July 9. The report stated that the supplies were donated as a response to global efforts to

  • Kingdom, US vow stronger ties

    At an academic forum on Saturday to celebrate 70 years of Cambodia-US diplomatic ties, Cambodian researchers and officials expressed hope of encouraging US investments and for that country to deepen and improve its bilateral relations. Held at the Royal Academy of Cambodia, it reviewed the past 70

  • ‘Single Portal’ integrated registration system welcomes nearly 50 firms

    Forty-seven companies have successfully registered via a newly-launched information technology e-business registration platform as of the end of the second week of this month, Ministry of Economy and Finance secretary of state Phan Phalla said. Six ministries and state-run institutions have been integrated into a

  • Battambang artist brings giant animals to life

    The giant reptile’s gaping mouth appears ready to consume its latest victim. It stands taller than a person and is incredibly life-like with authentic colours, a long spiky tail and detailed scales adorning its entire body. If it wasn’t 13m long, you may

  • Fifteen Cambodians from Saudi get Covid-19

    The Ministry of Health on Sunday confirmed 15 more imported cases of Covid. The 15 men ‒ all Cambodian aged 21 to 33 ‒ arrived from Saudi Arabia on Friday via a connecting flight in Malaysia. They were travelling with 79 other passengers, three of them women. The ministry said 80 of the