Cambodia is targeting more strategic and sustainable investment, Land Management, Urban Planning and Construction Minister Say Samal said at the ground-breaking of the Port Yves Palace project, a landmark mixed development in Koh Rong city to enhance the nation’s tourism profile.
The ceremony, attended by Preah Sihanouk Provincial Governor Mang Sineth and Koh Rong City Governor Reach Sovann, took place at Koh Toch Beach in Koh Rong city, marking the beginning of a luxury hotel and residential complex designed to serve as a catalyst for high-end and sustainable tourism in Preah Sihanouk province.
In his remarks, Samal, who heads the Royal Government Working Group for Preah Sihanouk province, endorsed the project as a model for responsible and strategic development. He described Port Yves Palace as “a strategic and positive investment” aligned with the Royal Government’s vision for the sustainable development of the province’s coastal and island ecosystems, including the 32-island system surrounding Koh Rong island.
He urged investors and local authorities to continue working together to provide public services such as 24-hour security, efficient infrastructure, proper waste management, and a reliable energy supply. He further linked the project’s success to improving local livelihoods, consistent with the strategic policies of Prime Minister Hun Manet.
Samal said the government remained committed to fostering a secure and favourable investment climate in Preah Sihanouk, which is rapidly emerging as a hub for industry, tourism, and technology. Port Yves Palace, he added, would help establish Koh Rong as “a model for sustainable island development in Cambodia.”
Project Chairwoman Sereyvattana Eva, CEO of M.B.I.S Development Co Ltd, framed the project as a strategic investment aligned with Cambodia’s broader economic ambitions. “Every operation part of this project will be done with care for the environment, using solutions that protect nature and contribute to long-lasting life for the planet and contribute to sustainable economic growth.
Therefore, this project is more than an investment, but it is a shared dream,” she said.
Eva said the 150-room luxury hotel, equipped with state-of-the-art amenities, will support the Cambodia’s goal of achieving upper-middle-income status by 2030 and high-income status by 2050 through balanced regional growth.
The project is expected to create approximately 350 jobs and employ at least 500 workers in the construction and start-up phase.
