Compass Real Estate > Cambodia Real Estate Information > NagaCorp to manufacturing a US$350 million non-gaming resort close to Angkor Wat

NagaCorp to manufacturing a US$350 million non-gaming resort close to Angkor Wat

2020-11-17
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Summary:NagaCorp Ltd, proprietor and administrator of NagaWorld in Phnom Penh, designs to build up a US$350 million non-gaming resort in Siem Reap on 75 hectares of land found only 500 meters south of the external confined zone encompassing Angkor Wat.

NagaCorp Ltd, proprietor and administrator of NagaWorld in Phnom Penh, has uncovered designs to build up a US$350 million non-gaming resort in Siem Reap, pointed toward advancing NagaWorld and UNESCO world heritage-listed Angkor Wat as " Twin Tourism Icons of Cambodia."

The plan has been made conceivable after the Cambodian government allowed NagaGroup Global Limited, a completely possessed auxiliary of the organization, a 50-year rent on 75 hectares of land found only 500 meters south of the external confined zone encompassing Angkor Wat.

Temporarily named Angkor Lake of Wonder, the 75 hectares of land on which it is wanted to sit would make it bigger than the consolidated size of Disneyland and Disney California Adventure in Los Angeles.

As indicated by a Sunday night declaration, NagaCorp's new development will be finished by 2025 – likely before the US$3.5 billion Naga3 extension of NagaWorld really gets started – and consolidate very good quality lodgings, a water amusement park, indoor howdy tech amusement parks, a canal, water journey attractions, and MICE facilities.  

There will likewise be an entertainment area called Siem Reap’s China Town offering roadside foods, bars, music and shopping, which will be incorporated with gardens and water features and secured by an all-climate rooftop covering that " promotes natural ventilation and soft natural light."

NagaCorp said the project will fill various needs – boosting appearance to Siem Reap while giving extra advancement of and admittance to NagaWorld by actualizing new travel systems associating Siem Reap and Phnom Penh via air, waterway and land.

Angkor Lake of Wonder will be planned by US-based Steelman Partners – the plan firm behind NagaWorld – and Gensler, with master planning dependent on the idea of creating as much fun and play as could reasonably be expected in the resort. It is likewise imagined as an antecedent to additional development inside Cambodia later on.



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