What’s unfolding in Cambodia for large scale resort land development projects appears to be a replay of what took place in Indonesia two decades ago.
Two very well connected business groups, large greenfield land banks, beautiful beaches, grand schemes. But what’s interesting here is these two projects are both located off Sihanoukville and only 50km apart. However, the Kong Rong Island official website appears to have gone quiet since 2010. Sun & Moon Gulf looks to have some recent activity.
While tourism development is part and parcel of a country’s economic development it helps to keep in mind these type of project have very long gestation periods. Plus, its more than just putting in infrastructure – well thought through planning and implementation determines the level of success. At this scale its more about regional context, strategy than execution.
Click on red markers for description.