https://cne.wtf/2018/10/01/satellite-ci ... for-bavet/hnom Penh: Three major Chinese companies have announced plans to build a satellite city worth millions of US dollars In Bavet town, Svay Rieng province, which will start in early 2019.
The satellite city covers an area of 803 hectares, and was announced at a press conference where signed agreements were made between major companies; Empire World City, Bauing and China’s CFMA to jointly build the OBC satellite city in Bavet.
A representative of Empire World City said the satellite city, OBC, will begin construction by the end of 2018, which will be divided into three phases. The first phase will be built on 50 hectares, including hotels, guesthouses, supermarkets and casinos.
The company said the project will last from five years to 15 years and cost millions of dollars. The satellite will provide thousands of Cambodian jobs and attract more international and national tourists.
Chea Vuthy, deputy secretary-general of the Council for the Development of Cambodia, congratulated the investment. The satellite city will promote economic growth and create jobs for people.
In the 2015-2025 industry development policy, Bavet is a special city for the development of industrial zones for investors.
President of Cambodian Association of Valuers and Real Estate Agents, Kim Heang, said that the city of Bavet has grown more and more. Last year, thanks to the growth of Chinese investors who turned the quiet city into a flourishing city, building a new satellite city will make the area more prosperous.
“The success of this project depends on the development plan and the marketing strategy of the investor itself, which is targeted at the customers, but believe the project will be of great interest. “
Ad blocker detected: Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by disabling your ad blocker on our website.
News related to Cambodia can be posted here, but remember to link back to the original source.
- Bong Burgundy
- Bark plop plop bark woof woof
- Reactions: 121
- Posts: 1603
- Joined: Sun Oct 29, 2017 12:20 pm
- Location: K440 Channel 4 News
Bringing the news a few hours or days before the other channel, or a few minutes after. You stay classy, nah, Cambodia.
Any plans for Mondolkiri or Ratanakiri?
Its not only the bavet border, Chinese allready bought land at takeo province/ Phnom den border, they offer big money.
- Similar Topics
- Last post
- 26 Replies
- 7569 Views
Last post by horace
Fri Jan 26, 2018 8:11 pm
- 5 Replies
- 1283 Views
Last post by spitthedog
Sat Sep 19, 2020 6:40 pm
- 35 Replies
- 9299 Views
Last post by Sonic1
Thu Sep 19, 2019 7:34 pm
- 6 Replies
- 1608 Views
Last post by Mr Lovejuice
Tue Apr 12, 2016 11:58 am
- 0 Replies
- 1293 Views
Last post by Bong Burgundy
Tue May 19, 2020 2:05 am