Canopy Sands Development, a member of Prince Holding Group, one of Cambodia’s largest and fastest growing conglomerates, approved a masterplan for Ream City developed by Surbana Jurong Group.
The masterplan specifies a land use plan for the 834-hectare project requiring total investments estimated at US$16 billion. It will be developed on reclaimed land conveniently located within a 10-minute drive from Sihanoukville International Airport. 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.
Cambodia is regarded as an attractive destination for investors keen on the ASEAN region.
Ream City is set to transform Sihanoukville by introducing a sustainable ecosystem of tourism, commercial and residential activity that has the potential to house up to 130,000 residents. Upon completion, the masterplan envisions the construction of family attractions, condominiums, landed and beachfront homes and affordable housing estates, themed shopping malls and more. Surbana Jurong was appointed to undertake the masterplanning, urban design and coastal engineering works for Ream City. Read more