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geovalin

More Chinese development on Sihanoukville’s islands

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More small scale Chinese businesses are opening up on the islands off the coast of Sihanoukville as Western businesses continue to close with owners blaming high rents and falling Western tourists for the changing demographic.

 

The reports come after the Royal Group, one of the largest investment companies in Cambodia, announced in 2019 a $285 million investment project had been agreed for the island of Koh Rong. The investment project is a joint venture between Royal Group and Chinese-owned Royal Galaxy Group to build a resort that consists of five-star hotels, convention centres, duty-free shops, supermarkets and 600 villas.

 

Jake Scott, the business owner of Bongs Guesthouse M’Pai Bay in Koh Rong Samloem said: “Most of us [current business owners] arrived at Koh Rong in the early 2010s to establish our businesses. Backpackers always want to find the next big thing and it was probably around 2018 that people started looking for other beaches to stay on. With that, Koh Tui on Koh Rong had run its course for the Westerners. The Chinese have moved into the shells that were left behind and are hopefully going to revive the local economy.”

 

read more https://www.khmertimeskh.com/50744114/more-chinese-development-on-sihanoukvilles-islands/

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4 hours ago, geovalin said:

The investment project is a joint venture between Royal Group and Chinese-owned Royal Galaxy Group to build a resort that consists of five-star hotels, convention centres, duty-free shops, supermarkets and 600 villas.

If I am not mistaken, Hen San owns the Royal Group.  There is not much in the way of duty in Cambodia anyway.  Perhaps they should try to attract the yachting community.  These grandiose things cannot survive on their own, as they lack character and charm.     

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43 minutes ago, yellowboat said:

If I am not mistaken, Hen San owns the Royal Group.  There is not much in the way of duty in Cambodia anyway.  Perhaps they should try to attract the yachting community.  These grandiose things cannot survive on their own, as they lack character and charm.     

You are mistaken.

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China owns Cambodia.  Sad but true.  Let’s hope we never say this about Thailand.

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It was only a matter of time before westerners were booted out of the Koh Rong islands too, after they were effectively evicted from Sihanoukville starting around 2017.

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