TravelNews

[Travel News]: Chinese investment in Cambodia’s “next tourism hotspot” has raised concerns

TheTourAttraction.com aims to provide the latest global travel and free travel news, travel and visa policies, and flight information. We hope to provide insights into tourism market, technology and development trends with everyone by providing the latest relevant information. Despite the raging COVID-19 epidemic in 2020, we always firmly believe that mankind will overcome the disease and the tourism market will definitely recover. TheTourAttraction.com look forward to your attention and support, and witness the development of the global tourism industry with us. Looking forward to the information TheTourAttraction.com provide can help you. We will continue to follow up and obtain the latest data, and look forward to your attention and support.

The following is the [Travel News]: Chinese investment in Cambodia’s “next tourism hotspot” has raised concerns from [SCMP] recommended by TheTourAttraction.com:

China remains Cambodia’s leading foreign direct investor, pumping more than USD 5.3 billion into the country between 2013 and 2017.

Big changes are coming to Cambodian capital Phnom Penh, a sleepy riverside town of Kampot, which is set to become Cambodia’s next tourism hotspot.  

A tourism port is slated to start welcoming visitors in 2022, Chinese investors are being invited to snap up land around Kampot, and swathes of Bokor National Park are being razed to develop satellite cities on the mountain slopes.

Recent years have seen heavy Chinese investment in the coastal town of Sihanoukville, as the former backpacker enclave has been transformed by casinos, hotels and other businesses catering to visitors from China. According to the latest figures from the Council for the Development of Cambodia, China remains Cambodia’s leading foreign direct investor, pumping more than USD 5.3 billion into the country between 2013 and 2017.

As land prices in Sihanoukville continue to climb, eyes are turning elsewhere, and Kampot is ticking all the boxes. In March, Kampot provincial governor Cheav Tay met Chinese investors studying opportunities in the tourism, industrial and agriculture sectors, as a swathe of development gets under way across the rural province.

In response to the development, Kampot residents launched a petition urging Prime Minister Hun Sen and King Norodom Sihamoni to modify the project to a more “heritage-friendly construction” and shift the towers out of the Old Town.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button