Phnom Penh Signs US$ 1.6 Billion Investment Deal

Phnom Penh Municipality and OCIC, a local investor yesterday reached an USD 1.6 Billion investment deal. 

The signing has been done by Mr. Kep Chuktema, Governor of Phnom Penh and Oknha Pong Khieu Se, Chairman of OCIC.

Oknha Pong Khieu Se said the company plan to spend USD 100 million for the infrastructure construction and USD 1.5 billion for the building construction including stadium, apartment, villa, zoo, and green garden in 387 ha in Chroy Changva for 15 years from 2011 to 2026.

It is a new autonomous city for 40.000 residences development project, he said.

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