Construction work for a massive China-backed development, the Dara Sakor Seashore Resort in Koh Kong province, will begin early next year.
The development is perhaps the largest of its kind in the world and started back to 2008 in Koh Kong province along the Gulf of Thailand in the south of Cambodia. The resort is expected to cost between US$3.8 and US$5 billion. China’s Tianjin Union Development Group (UDG) signed an agreement with the government to build the resort in 2008 with the target of developing as much as 20% of Cambodia’s coast line.
The project will translate into at 250 km2 of land being reserved for the Chinese group in Botum Sakor and Kiri Sakor districts, including parts of the Botum Sakor National Park near the Gulf of Thailand. Concession of the land on a 99 year lease was made in April 2008. This would be the equivalent of half the size of Singapore.
The mega complex will have a port for cruise ships, an international airport, golf courses, apartment buildings and hotels to provide entertainment and comfort to foreign tourists. According to earlier reports published a couple of years ago, the Dara Sakor Golf Club is Cambodia’s first international golf club with a total of 54 holes; an 18-hole Ocean Course, an 18-hole Mountain Course, and an 18-hole Links Course. The 135-hectare, 18-hole Course #1 is both the first seashore and illuminated course in the nation. A casino is also to be part of the resort.
No numbers are yet available for defining the casino’s offerings but indications are that it should open well ahead of the total completion of the resort, which could take 25 years.
The project has been confirmed on Monday in presence of Cambodia Commerce Minister Pan Sorasak on Monday, Li Tao, UDG’s chairman. The official groundbreaking ceremony will be held during the first few months of 2019.
“My hope is that the government will support our project and that we can find investment partners at the upcoming China-Asean Expo, which will be held this month in Nanning city,” Mr Li said.
Minister Pan Sorasak said the project will boost the local economy as well as the tourism sector while generating work opportunities for local Cambodians. “I support this project and believe that it will strengthen the economic integration of Cambodia in the global trade system as well as boost our image abroad and attract international tourists and investors,” the minister said.