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

  • Joy as Koh Ker Temple registered by UNESCO

    Cambodia's Koh Ker Temple archaeological site has been officially added to UNESCO’s World Heritage List, during the 45th session of the World Heritage Committee held in Riyadh, Saudi Arabia, on September 17. The ancient temple, also known as Lingapura or Chok Gargyar, is located in

  • Famed US collector family return artefacts to Cambodia

    In the latest repatriation of ancient artefacts from the US, a total of 33 pieces of Khmer cultural heritage will soon return home, according to the Ministry of Culture and Fine Arts. In a September 12 press statement, it said the US Attorney’s Office for the

  • Cambodia set to celebrate Koh Ker UNESCO listing

    To celebrate the inscription of the Koh Ker archaeological site on UNESCO’s World Heritage List, the Ministry of Cults and Religion has appealed to pagodas and places of worship to celebrate the achievement by ringing bells, shaking rattles and banging gongs on September 20. Venerable

  • Kampot curfew imposed to curb ‘gang’ violence

    Kampot provincial police have announced measures to contain a recent spike in antisocial behaviour by “unruly’ youth. Officials say the province has been plagued by recent violence among so-called “gang members”, who often fight with weapons such as knives and machetes. Several social observers have

  • PM outlines plans to discuss trade, policy during US visit

    Prime Minister Hun Manet is set to meet with senior US officials and business leaders during his upcoming visit to the US for the UN General Assembly (UNGA), scheduled for September 20. While addressing nearly 20,000 workers in Kampong Speu province, Manet said he aims to affirm

  • Manet touches down in Beijing for high-level meetings

    Prime Minister Hun Manet arrived in Beijing on September 14 for his first official visit to China, where he is slated to attend the 20th China-ASEAN Expo and meet other leaders including Chinese President Xi Jinping. Upon his arrival, Manet laid a wreath at the Monument