Rendering of the new Ream City in southwestern Cambodia Developers of a completely new coastal city to be built from scratch in Cambodia’s southwestern Preah Sihanouk province have approved the sustainable development masterplan for what would become “Ream City” between Sihanoukville and Kampot and just adjacent of Vietnam’s resort island of Phu Quoc. The city, being developed on 834 hectares at an investment of $16 billion, has been an initiative by Canopy Sands Development, a unit of Prince Holding Group, one of Cambodia’s largest and fastest growing conglomerates. It will also involve Singapore-based infrastructure and urban development company Surbana Jurong,.
Surbana Jurong s masterplan for S$16b Ream City in Cambodia gets green light
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Surbana Jurong s masterplan for US$16b Ream City in Cambodia gets green light
businesstimes.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstimes.com.sg Daily Mail and Mail on Sunday newspapers.
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Master plan for Ream City given nod
Sun, 7 February 2021
Canopy Sands Development Co Ltd, a member of Prince Holding Group, one of Cambodia’s largest and fastest growing conglomerates, approved a master plan to develop Preah Sihanouk province’s Ream bay into the $16 billion Ream City.
The masterplan specifies a land use plan for the 834ha project, which will be developed on reclaimed land and conveniently located within a 10 minutes’ drive from Sihanouk International Airport, Canopy Sands Development said in a press release.
“Ream City will act as a catalyst for the growth prospects of the entire Sihanoukville region, Cambodia’s third-largest city and home to the country’s deep-water port,” said the company, adding that the project will be developed by Surbana Jurong Group, a global urban, infrastructure and managed services consultancy headquartered in Singapore.