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10 Islands to be Developed in Cambodia
By Islomaniac | May 27, 2008
As Combodia continues to heal from the scars of the past, private islands, which were once closed to foreign ownership have begun to be developed. A Chinese newspaper is reporting that the Cambodian government has granted permission for private firms to construct resorts worth billions of dollars on 10 islands off the coast of Sihanoukville and Kampot.
However, the permission to construct these resorts comes with conditions. A senior Cambodian official is warning that the developers must not divide their land concessions into plots for resale. In other words the investors in these properties should not construct houses or villas for sale. The reason for doing this is the Cambodian government wants to attract tourists to Cambodia and to do that they need resorts and hotels.
This stern warning comes on the heels of news that some companies may be violating their contracts and building luxury residences instead of resorts. Personally I think its a good that the Cambodian governemnt is taking such firm stance on its island development. It wants to ensure that more people are able to enjoy their islands and that locals are able to benefit from the employment that will come from the development of these resorts.
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Topics: Islands in the News, Island Vacations |
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