Sihanoukville, September 9th, 2025 – Canopy Sands Development, a leading force in Cambodia's real estate landscape, proudly announced the grand opening of the IFC Building yesterday, a huge achievement for Sihanoukville as it is the area’s first-ever Grade A office building, built to be environmentally friendly with a special LEED certification.
The IFC Building is a key part of the much larger US$16 billion Bay of Lights project. This massive coastal project is designed to transform Sihanoukville into a major hub for finance and tourism. It will create a vibrant area with financial services, world-class tourism, education, entertainment, and more, all of which will contribute to Cambodia's economic growth.
David Richard Dobson, Senior Director of Investment at Bay of Lights, said:
"Almost five years ago, the Bay of Lights was just a concept, a vision to build a new city. The opening of the IFC Building today marks a key milestone, proving that with patience, planning, and consistency, we are steadily bringing this dream to life. This building is a testament to what can be achieved when diverse teams come together with a shared purpose. With the support of the Royal Government of Cambodia, it will strengthen Cambodia’s role in the global economy, create jobs, and offer future generations greater opportunities than ever before!"
Read more: The ultimate guide to Sihanoukville’s Bay of Light by Canopy Sands Development
Many important guests and officials attended the opening ceremony, all excited to see the beginning of a new chapter for Sihanoukville. The IFC Building shows Canopy Sands Development's commitment to building top-quality projects that will attract major businesses and help the local economy thrive.
Canopy Sands Development has also announced plans to build two Hotel101 hotels in Cambodia, one in Phnom Penh and one in Sihanoukville, both set to be finished in 2028. The Hotel 101- Phnom Penh is expected to be the biggest hotel in the country by room count. These hotels will feature standard "HappyRoom" units and offer an investment model called "condotel," where people can buy a unit and share in the rental income, which is professionally managed.
Read more: DoubleDragon's Hotel101 Enters the Cambodia Market with Developments in Phnom Penh and Sihanoukville
The opening of the IFC Building is a strong sign of Canopy Sands Development's dedication to creating a bright future for Sihanoukville and all of Cambodia.
Looking to know more about the IFC Building or any property in Sihanoukville? Explore the best real estate opportunities and find your perfect property with Realestate.com.kh, your No.1 real estate portal here in Cambodia.
Read more: Why Sihanoukville Is Cambodia’s Top Destination for Infrastructure Investment
About Canopy Sands Development: Canopy Sands Development is a leading property developer in Cambodia. They create big projects that boost the economy and improve people's lives. Their main project, the Bay of Lights, is set to turn Sihanoukville into a world-class financial and tourism destination.
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