The Council for the Development of Cambodia (CDC) has approved two investment projects worth nearly $40 million to develop two islands in Koh Kong and Preah Sihanouk provinces.
The first project, worth $30 million, is being developed by Den Nokor (Cambodia) Investment Co., Ltd. The project will involve the development of a tourist resort on Koh Toteung and other related activities. The project is expected to create 142 jobs.
The second project, worth $7.7 million, is being developed by GTVC Import Export Co., Ltd. The project is called "One Island" and will involve the development of a resort and other tourism-related facilities on Koh Rong Samloem. The project is expected to create 49 jobs.
Chhay Sivlin, President of the Cambodia Association of Travel Agents, said that the projects have the potential to create jobs, generate income, and boost economic growth in the area.
"We are also expected to promote tourism in Cambodia and attract more visitors, and expected to develop the projects in a sustainable manner and protect the environment," Sivlin said.
The project descriptions say will invest in infrastructure, such as roads, vacation homes, restaurants, and seaports. The investment in these two islands is expected to boost the local economy and create jobs for Cambodians.
Heng Kimhong, program manager at Citizen Youth Network, said it is important to recognize that while the development of tourism infrastructure can have positive economic impacts, it must also be done in a way that prioritizes sustainability and minimizes negative environmental impacts.
“Tourism is a major driver of economic growth and development, but it is important to ensure that it is done in a sustainable manner,” Kimhong said.
He added that it is crucial that investments focus on responsible and sustainable development to ensure that future generations can also benefit from these destinations.
He added, “I have seen many projects that have had a negative impact on the environment. These projects often do not follow environmental standards, and they do not conserve the original form of the environment too much. The authorities should point out where these projects were developed.
“Tourist sites pose a threat to biodiversity and wildlife; development should be considered.”