Logo of Phnom Penh Post newspaper Phnom Penh Post - Another island resort planned

Another island resort planned

Another island resort planned

The government has created a working group to study the development of Koh Kaong

Karng, an island about an hour's boat ride from Sihanoukville. The move followed

an expression of interest from a French development company, said Kong Vibol, secretary

of state in the Ministry of Economy and Finance.

Vibol, who was appointed deputy chairman of the working group, said the government

had not yet seen a full proposal for the resort development. It had also not signed

a Memorandum of Understanding (MoU) with the developer, which is trading in Cambodia

as the Kaong Karng Island Development Group Company.

"We must be very careful to select the areas which are appropriate for development

and those that we must preserve," he said of the upcoming study.

He said the working group would study the economic and environmental impacts of what

is likely to be a small bungalow-style resort. The island is a popular spot for day-trippers

from Sihanoukville looking to snorkel and scuba dive.

The study follows the establishment of a similar working group to examine a much

larger development on Koh Rung and Koh Rung Sonleum by a Las Vegas consortium.

The US-based Island Development Group (IDG) completed a feasibility study in May

and plans to develop an airport, resorts, electricity generation and water treatment

plants on the two islands in the Gulf of Thailand.

In February IDG signed an MoU with local firm Ratanak Stone Cambodia Development

Company. IDG's website identified Ratanak's owner as the wife of General Pol Saroeun,

Deputy Commander-in-Chief of the Royal Cambodian Armed Forces. IDG signed a 70-year

lease agreement with the government in July, and paid a $500,000 deposit.

MOST VIEWED

  • Cambodia unveils new quarantine regulations

    The government has modified Covid-19 quarantine requirements, shortening the duration for, among others, Cambodian officials, foreign diplomats and delegations, investors and inbound travellers in general. According to an official notice signed by Minister of Health Mam Bun Heng late on October 16, quarantine length for Cambodian

  • Cambodia sets new Covid-19 quarantine rules

    The government has modified Covid-19 quarantine requirements, shortening the duration for, among others, Cambodian officials, foreign diplomats and delegations, investors and inbound travellers in general. According to an official notice signed by Minister of Health Mam Bun Heng late on October 16, quarantine length for Cambodian

  • Hun Sen: Cambodia set to fully reopen

    Prime Minister Hun Sen concludes that the October 5-7 Pchum Ben public holiday, during which many people either flocked to their hometowns for family reunion or gathered at tourist attractions across the country, has not caused an outbreak of Covid-19. In a special address to

  • Will Evergrande change the way Chinese developers do business in Cambodia?

    China’s property sector policy has exposed the grim financial condition of real estate developers including those operating in Cambodia, which raises questions over the viability of their projects and business going forward The dark blue netting draping over one of Yuetai Group Co Ltd’

  • Cambodia voted ‘world’s friendliest country’ in Rough Guides reader poll

    Cambodia ranked number one among the “World’s Friendliest Countries”, according to a reader poll conducted by London-based international website “Rough Guides”. Taking submissions through Twitter and Facebook, “Rough Guides”, a well-known travel agency and publisher of guidebooks, said the Kingdom “was by far the

  • S’ville set to turn into ‘second Shenzhen’

    The Ministry of Economy and Finance has awarded a master plan consultancy contract to top Chinese institute for the development and transformation of Preah Sihanouk province into a “Model Multi-Purpose Special Economic Zone”, Southeast Asia’s next logistics and resort hub and innovation centre. The