Compass Real Estate > Cambodia Real Estate Information > Cambodia's economic development should go against the sky, and the "land, sea and air" areas should go hand in hand.

Cambodia's economic development should go against the sky, and the "land, sea and air" areas should go hand in hand.

2018-12-05
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Summary:Cambodia has made remarkable achievements not only in stable economic development, but also in tourism, economy and trade, and capital construction. From the perspective of future "land, sea and air" planning, the future of Cambodia is immeasurable.

The Three Armies of the Sea, Army and Air Force are the Guarantee of the Military Power of the State

Land, sea and air are also symbols of the integrity of national sovereignty.

So "land, sea and air" for Cambodia

What impact does economic development have?

Cambodia has made remarkable achievements not only in stable economic development, but also in tourism, economy and trade, and capital construction. From the perspective of future "land, sea and air" planning, the future of Cambodia is immeasurable.

sea

Keeping the Channel Transport Base.

At present, about 85% of China's oil is transported by water, mostly through the Strait of Malacca. The Malacca Strait route has been dominated by Singapore, which has been greatly influenced by the United States. In order to reduce the dependence on the Strait of Malacca, shorten the transportation time and save transportation costs, China has tried to open up new paths and plan to open the Kra Canal.

After the opening of the Krakow Canal, the shipping trade between ASEAN and other countries in the world does not need to cross the Strait of Malacca. The voyage can be shortened by more than 1,000 kilometers, greatly reducing the transportation time and cost. Cambodia's West Port is not only a multi-functional deep-water port, but also a must for the Kra Canal!

news/1544848666907299.jpg

Land

Railway network connects neighboring countries.

According to the latest news, the railway connecting Cambodia and Thailand will be put into operation at the beginning of 2019. The railway will reach 400 kilometers. After opening, it will not only promote trade growth, but also expand bilateral trade and investment. Cambodia and Thailand will also open up a new cross-border transport corridor, and trade between the two countries will increase to $1 billion by 2020.

Cambodian railways are also planned to connect with Vietnamese and Laotian railways. They will connect to Vietnamese railways at the international crossing of the Cambodian-Vietnamese border and to Lao railways at the Dabin Keli international crossing of the Cambodian-Laotian border in Shangding Province. Both Vietnamese and Laotian railways can be connected to Chinese railways, indirectly increasing trade growth between Cambodia and China.

news/1544848698927739.jpg

Air

Air transport capacity has been greatly improved.

At present, Cambodia's three major airports, Phnom Penh, Siem Reap and West Harbour, have very busy passenger traffic, with 70 to 90 flights a day. In the first half of 2018, the three major airports delivered 5.2 million passengers, an increase of 23.7% over the same period in 2017.

About 15 airlines now have direct flights between Cambodia and China, including 12 Chinese airlines and 3 local airlines. To strengthen air links between the two countries and promote economic development, China International Airlines will officially open direct flights from Phnom Penh to Beijing on November 1, 2018, three times a week.

news/1544848726873911.jpg

Now Cambodia has undergone tremendous changes, and in the future, whether it is "sea" or "land" or "air", Cambodia will occupy the core position of ASEAN. With the completion of a large-scale project, Cambodia has not only dressed up as a brand new city, but also emerged as an economic development and attracted the attention of global investors.

Cambodia Phnom Penh's rate of return on rental property is as high as 6.92%, surpassing many developed countries and ranking fourth in the world. In addition to Cambodia's open investment policy, housing prices in US dollars and other factors, Phnom Penh has become the best overseas real estate investment "paradise" at present.

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Disclaimer: The re-forward articles on Compass website are for the purpose of conveying more information, and it does not mean that the Compass website agrees with its views or confirms the authenticity of its content. Article noted as "Source: Compass original", please note that the source from Compass. The content of the article is for reference only and should not consider as investment advice, and it does not mean that Compass agree with its views.

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