Cambodia’s biggest business conglomerate, The Royal Group, has announced plans to transform the pristine island of Koh Rong into an eco-resort island set to rival established destinations such as Bali, Koh Samui, and Phuket. It is 30 minutes by speed boat from Preah Sihanouk Province,
“Cambodia is conveniently located within two hours of Singapore and Hong Kong and one hour of Bangkok so a vast tourism market remains untapped,” says David Simister, Chairman of CBRE Indochina, the exclusive advisor and sole agent for developing the island.
“International travelers are already showing early interest in the concept of luxury tourism on the Indochinese Riviera, and Koh Rong stands out as one of the region’s most beautiful asset, with the benefit of having a sufficient size for critical mass, an airport, infrastructure and to evolve in the same manner as Phuket, but without the mistakes found in established resort destinations.”
A newly expanded international airport at Sihanoukville will enhances the region’s attractiveness to visitors from neighboring Asian countries.
The Royal Group’s master plan for sustainable tourism development of Koh Rong is based on a 99-year lease in perpetuity on the 78 square kilometre island, which has been granted to the company by the government of Cambodia.
“Since the project is balancing ecological protection with minimum carbon footprint, development will be targeting forward looking investors within the region and globally who share a vision on ecological development,” Simister says.