CAMBODIA - leases tourist islands for $627m

thetidenews.com, 2 august 2007

Cambodia, Monday, agreed to lease five islands in the Gulf of Thailand for 627 million dollars to investors for tourism, the state investment agency says.
“The projects will become a magnet for tourism. These projects will create natural resorts which are popular with foreign tourists”, Commerce Minister Cham Prasidh said in a statement.
Prasidh, who is also deputy chairman of the Council for the Development of Cambodia, said six Cambodian companies signed the long-term leases and have one year to submit detailed plans for the resorts.

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