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Cambodia as a place to invest
Located in the heart of Southeast Asia, Cambodia’s tourism figures have soared by 25% annually over the past decade. While these figures are predicted to double by 2015, seaside tourism will account for the largest share of it. The beauty of the Cambodian coast and its untapped potential, the affordable cost of living, the absence of income tax for residents and the flexibility of the immigration laws all contribute to the southern coast of Cambodia fast becoming a major tourist and investor destination in the Asia-Pacific region.
With its Ream beach development project, RRD is directly contributing to making Ream one of Cambodia’s prime tourist spots. Ream’s development contributes to the rapid creation of a Cambodian tourism triangle that consists of Siem Reap with the historical Angkor temples, the capital Phnom Penh, and Ream/Sihanoukville. This all-Cambodian destination triangle is expected to considerably strengthen the Kingdom’s entire economy.
A number of the world’s top high-end hotel brands have already made Cambodia their target market including Sofitel, Aman Resorts, Intercontinental Hotel, Raffles, Marriott and several others. RRD has partnered with Cambodia’s largest hotel operator, Accor Group, to manage its five-star boutique hotel at Ream Beach through Accor’s luxury label ‘M Gallery’. This will guarantee international management expertise and a proven commitment to top quality and aesthetics.
On the real estate front, Cambodia’s land and foreign ownership laws have been drawn up more advantageous towards foreign investors. In combination with liberal residency legislation and favourable tax laws, they are attracting both international and national developers. This has lead to a surge in real estate demand in Cambodia which is expected to continue in the foreseeable future.