Royal Group announces $300 million Koh Rong investment project
The Royal Group, one of the largest investment companies in Cambodia, has announced a $285 million investment project in Preah Sihanouk, intending to making Koh Rong into a world-class resort.
The announcement was made iat an event of Koh Rong Royal Silver Beach Recreation Area Project Launch Conference on Dec 28 at Preah Sihanouk province, according to CNC television station, a Royal Group subsidiary firm.
The investment project is a joint venture between Royal Group and Chinese-owned Royal Galaxy Group to build a resort located on Koh Rong Island, 25 kilometres offshore from Preah Sihanouk mainland province.
The joint venture investment is to build a five-star hotel, international conventional centre, resorts, duty-free shops, supermarkets and 600 units of a villa-style resort.