1 August, 2007 |

Cambodia leases the islands

Cambodia leases 5 tourist islands for 627 million dollars. New tourist strategy of Cambodia, which has agreed to lease 5 islands in the Thai gulf to the local and foreign investors, is those, planning to construct tourist centers there.
Trade minister of Cambodia has mentioned that these projects will be a magnet for tourism and these will be the natural centers, which are so popular among foreign tourists. Being also the vice-president of Cambodia development council, the trade minister has assured, that 6 Cambodian companies have already signed contracts on long rent of islands and they will have a year for presenting detailed plans on these complexes.
Last year Cambodia has accepted 1,7 million tourists. Nevertheless, the majority came to admire Angkor Wat - an ancient 800-year-old temple. Therefore the government wishes to expand specialization of entrance tourism and to involve fans of beach rest.
In September, 2006, the group of the Russian investors has received permission for construction of tourist center in cost of 300 million dollars on Koh Pos or la isla de la Serpiente in the Thai gulf. Now, it is a question of time, whether the foreign companies will expand the presence in the market of the tourist real estate in Southeast Asia after promulgation of new plans of the Cambodian government on development of islands.
 

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