Sihanoukville – The New Macau of Southeast Asia
One of the newest casinos – with 30 tables and 560 staff, of which 95 per cent are locals – is Jin Bei Casino and Hotel, run by chief executive officer Benson Tan, formerly a director at Singapore’s Marina Bay Sands. He believes that without Beijing’s role in the infrastructure investments, Sihanoukville’s economic growth would be set back by five to 10 years.
He cited the proposed expressway connecting the city to the capital Phnom Penh, which would shorten the travelling time to two and a half hours. “This would bring millions of visitors (internationally and from the capital) to Sihanoukville. I think, by then, we can attract a lot of international players to this location,” he said.
Sihanoukville expressway nears construction
A construction team composed of 200 workers from China has arrived in the Kingdom to begin work on an expressway that will connect Phnom Penh and Sihanoukville, with the groundbreaking ceremony expected before the end of March.
Transport Minister Sun Chanthol said recently that $100-million worth of construction materials will be imported into Cambodia before the end of January, adding that now the only issue that needs to be solved is compensation to those affected by construction work.
Prince begins construction of major project in Sihanoukville
According to a post on Prince’s Facebook’s page construction began on the 16.3-hectare Prince City Center development project. The project, which covers a total construction area of 700,000 square metres is approximately 800 metres from the twin lions roundabout close to the Serendipity Beach area.
Prince City Center is divided into three phases with the first stage is the development of Prince Smart Garden with a total construction area of 80,000 square metres comprising of three condominium complexes along with a modern living centre.
The project is expected to be complete and delivered to customers in October 2019. Meanwhile, for the second phase, the company will build a commercial center and the largest hospital in the city, while the third phase will consist of apartments, villas, commercial complexes and other facilities and amenities.