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Phnom Penh's Southern Districts Will Serve As a New Economic Zone For Cambodia In The Future

2021-08-12
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Summary:Phnom Penh's southern districts, as well as a few surrounding districts in Kandal province, will soon become the country's new economic corridor, comprising future residential, commercial, and industrial activities.

Compass Cambodia report, August 12 - Phnom Penh's southern districts, as well as a few surrounding districts in Kandal province, will soon become the country's new economic corridor, comprising future residential, commercial, and industrial activities.

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Thanks to considerable infrastructural development, the capital's most southern districts, Dangkao and Mean Chey, as well as Takhamo City, Kandal Steung District, and Saang District of Kandal province, have seen rapid development and sustained population expansion in recent years.

At least US$2.2 billion has been invested in public infrastructure development in the area, luring more and more large property investment projects as a result.

As of H1 2021, 13 condominium developments have been proposed for the southern area of Phnom Penh, four of which have been finished and others are in the planning stages. Six industrial projects, one special economic zone, office developments, and retail revenues are located in the southern section of Phnom Penh.

Infrastructure is assisting the move south, providing a combination of reduced travel times and enhanced accessibility, making development sites more desirable and suited for a variety of uses. The potential benefits and challenges posed by urban planning policy will be a crucial issue for all stakeholders moving forward.


Source: Compass Cambodia comprehensive arrangement

Editor: Malinda         Chief Editor: Sunnie         General in Chief/Executive Producer: Nicole

 

Compass global site: Cambodia | Singapore | UAE | Thailand | Philippines | Myanmar | Laos

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