Influx of Chinese business travellers, investors to Cambodia drives construction boom

The Southeast Asian country approved over US$2.7 billion of real estate projects in the first four months of 2019, a 67 per cent increase.

Cambodia’s economy has seen an influx of business investors from China, which has driven demand for housing and hospitality services in the Southeast Asian nation.

Two million Chinese visited the country last year, an increase of around 67 per cent from 2017. They represented the largest overseas group, about a third of international arrivals. Nearly a quarter of them came for business, according to the World Bank.

“The business environment being favourable, combined with a stable political environment, has brought more business investors and travellers to Cambodia,” said Timothy McNally, chairman of Hong Kong-listed NagaCorp, the largest hotel, gaming and leisure operator in Cambodia. It runs NagaWorld, a casino resort in the capital, Phnom Penh.

In full: https://www.scmp.com/property/international/article/3020644/influx-chinese-business-travellers-investors-cambodia-drives

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