Cambodian conglomerate brings world-renowned expertise from Singapore to oversee 834-ha project, catalyzing growth in Cambodia’s 3rd largest city
HONG KONG SAR- Media OutReach - 8 February 2021- Canopy Sands Development, a member of Prince Holding Group, one of Cambodia'slargest and fastest growing conglomerates, approved a masterplan for Ream Citydeveloped by Surbana Jurong Group, a global urban, infrastructure and managedservices consultancy headquartered in Singapore. The masterplan specifies aland use plan for the 834-hectare project requiring total investments estimatedat US$16 billion, and will be developed on reclaimed land conveniently located withina 10 minutes' drive from Sihanoukville International Airport. Ream City willact 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.
Ream City is set to transform Sihanoukvilleby introducing a sustainable ecosystem of residential and commercial activitythat has the potential to house up to 130,000 residents (Link)
A major part of the plan includes anextensive beachfront that stretches beyond 6km. This will support a wide rangeof waterfront activities and inject vibrancy to the community. (Link)
Ream City isset to transform Sihanoukville by introducing a sustainable ecosystem of tourism,commercial and residential activity that has the potential to house up to130,000 residents. Upon completion, the masterplan envisions the constructionof family attractions, condominiums, landed and beachfront homes and affordablehousing estates, themed shopping malls, business hubs, beach resorts, hotels,condotels, yacht and marina club. Surbana Jurong was appointed to undertake themasterplanning, urban design and coastal engineering works for Ream City.
Cambodia islocated between Thailand and Vietnam and has positioned itself to be anattractive investment destination for businesses looking to expand in the ASEANregion.
Mr Yeo ChoonChong, CEO, ASEAN, Surbana Jurong said, "Cambodia continues to attract a steadyflow of foreign direct investments. With our partners, we see immense potentialto drive growth in this key market through our participation in iconicinfrastructure projects."
"The proposalprioritises the integration of nature to enhance the built environment. A majorpart of the plan includes an extensive beachfront that stretches beyond 6km.This will support a wide range of waterfront activities and inject vibrancy tothe community. The plan also includes infrastructure enhancements to thecommunity to support civic and community facilities such as schools, parks andopen spaces, sports complexes, polyclinics and neighbourhood-level amenities.Once fully developed, Ream City will be an exciting destination for dining,retail, work, recreation and living.", Mr Yeo added.
"We have liaised withSurbana Jurong for more than a year and are very happy with the masterplan theyhave proposed for Ream City," said Mr Khong Weng Fook, Managing Director of CanopySands Development. "Surbana Jurong has consistently impressed clients aroundthe world and are well-known for their extensive experience in urbandevelopment, deep and global talent pool, and comprehensive global coverage asthey have developed masterplans for a wide variety of projects in more than 30countries."
"We arelooking forward to working together to convert their proposed land use plan intoreality and create a sustainable solution for living for the betterment ofSihanoukville and Cambodians."
Beyondtourism, Sihanoukville Province is also diversifying economically with agrowing base of entertainment, manufacturing, logistics, electricity productionand agriculture businesses. It is situated at the cross-roads of majorinfrastructure initiatives like the Belt and Road Initiative and the GreaterMekong Subregion Economic Corridors southern route. The airport is alsoundergoing expansion and will initially see its capacity increase toaccommodate 3.6 million passengers annually with further plans expected to dealwith a potential passenger load of 10 million by 2030.
Together,Prince Group and Surbana Jurong aim to bring a holistic and meticulouslyplanned approach to the coastal development that leverages the strengths ofboth parties -- Prince Group, which alsocounts Prince Real Estate Group, Prince Bank, Cambodia Airways and Prince Huan Yu Real Estate among its group ofcompanies, has completed numerous projects in Phnom Penh and Sihanoukville andhas invested more than US$2 billion in local projects with a view to "Build aBetter Life" for Cambodians.
About Prince Holding Group
PrinceHolding Group, better known as Prince Group, is one of the largest corporateconglomerates in Cambodia, with businesses spanning across multiple industries,including real estate development, banking, finance, aviation, tourism,logistics, technology, food and beverages, and lifestyle sectors. Prince Groupadheres to its mission of "Building a Better Life" and the Group'sphilosophy espouses the values of "Commitment, Responsibility, Respect,Generosity and Innovation".
AboutCanopy Sands Development
Canopy SandsDevelopment's vision is to build thriving living and working environments thatelevate people's livelihoods and wellbeing and deliver lasting prosperity tolocal communities. Led by a local and international team of highly experienced,reputable and respected professionals, each of whom has a unique andstrategically critical global perspective, Canopy Sands Development is layingthe foundations that will catalyze greater economic opportunities, generatemajor socio-economic benefits, and ensure long-term prosperity.
A leader inreal estate development, Canopy Sands Development is working to build vibrantnew communities across Cambodia, each of which will be built according to the highestinternational standards. In doing so, the company will create significant economic,social, and educational opportunities and deliver sustainable and lastingbenefits to Cambodian communities.
SurbanaJurong Group (盛裕集团) is one of the largest Asia-based urban, infrastructure andmanagement services consulting firms, with 70 years of track record insuccessful project delivery. Headquartered in Singapore, the Surbana JurongGroup comprises SMEC and Robert Bird Group in Australia, Sino-Sun in China,AETOS, KTP, Prostruct and SAA in Singapore, and B+H in Canada.
Our globaltalent pool of over 16,000 employees from more than 120 offices in over 40countries worldwide includes architects, designers, planners, engineers andother specialists, who are driven by progressive thinking and creative ideas tohelp shape a better future.
Our technicalexperts deliver best-in-class solutions that cover the entire project lifecycle from planning and design, through to delivery and management, and evendecommissioning and closure. We provide a full suite of consultancy servicesacross a diverse range of sectors such as aviation, healthcare, hospitality,transport, water and environment, energy and resources.
With a wealthof experience, we have built more than a million homes in Singapore, craftedmaster plans for more than 30 countries and developed over 100 industrial parksglobally, building homes and designing cities that are socially, economicallyand environmentally sustainable, empowering communities to thrive. For more information, please visit:surbanajurong.com.