In Southeast Asia, a new economic triangle is emerging with Singapore, Cambodia, and Hong Kong. Cambodia stands out with its rapid economic growth, youthful workforce, and government support for development, attracting investments in real estate, manufacturing, tourism, logistics, and technology.
Sihanoukville is a key hub for transport, trade, and tourism, with excellent connectivity by road, sea, and air. The city is part of an ambitious 15-year master plan to become a multi-purpose special economic zone, focusing on tourism, industry, logistics, trade, and finance. The Sihanoukville Special Economic Zone supports trade and industry, hosting over 230 projects and generating significant economic value.
Besides, the Sihanoukville Special Economic Zone (SSEZ), launched in 2008 under China’s Belt and Road Initiative, plays a key role in Cambodia’s trade and industry. It hosts over 230 projects, creating 25,600 jobs and contributing $3.36 billion in trade in 2023, about 7% of Cambodia’s total import-export value. The zone is set to expand further under the Vision 2030 plan, with new transport routes connecting it to Phnom Penh, Kampot, and neighboring countries. A $200 million logistics center is also planned to strengthen Cambodia's links to ASEAN and global markets as well.
Bay of Light: Cambodia's first independently developed world-class urban construction project
The Bay of Lights is a more than $10 billion coastal development project spanning 934 hectares in Ream City, Sihanoukville, Cambodia. Initiated by Canopy Sands Development (CSD), the project aims to transform Sihanoukville into a dynamic urban center, fostering economic growth and enhancing Cambodia's position on the global stage.
Cambodia has set out a long-term development plan to guide its progress through 2050, focusing on five key priorities: technology, people, roads, water, and electricity. The Bay of Lights project closely supports this national agenda with six key development pillars, aiming to build a modern, inclusive, and sustainable coastal city.
- International Financial Center: A regional hub for banking, asset management, and digital finance, driving job creation and economic diversity.
- International Tourism Center: Luxury hotels, yacht marinas, golf courses, and adventure activities attract high-end tourists.
- International Education Center: Vocational training aligned with Cambodia’s workforce development strategy.
- International Health & Wellness Center: Comprehensive healthcare and retirement services promoting a healthy lifestyle.
- Entertainment & Lifestyle: A vibrant seaside community with shopping, dining, and cultural attractions.
- Arts & Culture Center: Celebrating Khmer heritage with a grand statue, opera house, and local arts spaces.
The land reclamation project started in 2020 which to date has completed phases one, two, and three, totaling 129 hectares of development already. In July 2023, it initiated phase four, covering 140 hectares. The project is planned into nine major areas, each carefully designed to accommodate diverse lifestyles, reflecting a multi-faceted urban life and making Sihanoukville a beacon of modern city development.
1. Gateway District
Covering 52 hectares, the Gateway District is the commercial and municipal heart of the Bay of Lights development and is currently under active development. Designed to support the daily needs of both residents and visitors, it will house key government and administrative buildings, modern office spaces, and a large-scale lifestyle shopping mall featuring international brands, restaurants, and entertainment.
The Gateway is also emerging as a key leisure and tourism destination. Several attractions are already open and welcoming guests, including the popular Summer Bay Beach Club & Cabins, known for its beachfront ambiance and resort-style stays, and Nitro Go-Kart, which offers high-energy fun for everyone. As more developments continue to roll out, the district is set to become an ideal place where commerce, recreation, and public services seamlessly come together in one place.
2. Golf District
The Golf District spans 167 hectares and is located at the far end of the Bay of Lights development. Designed as a series of islands along the coast, it takes inspiration from Sentosa Cove in Singapore and Hayman Island in Australia. This district will feature a stunning mix of waterfront living and golfing experiences. Bay of Lights has partnered with Masswork Co., Ltd to build a world-class golf training facility and a signature Greg Norman-designed golf course, offering a premium experience for both professionals and golf lovers as well.
3. CBD District
As the economic heart of Bay of Lights, this district covers 74 hectares and brings together business and innovation. It features a beautiful 1.7-kilometer canal, similar to Osaka's Dotonbori, which adds both function and beauty. This area is designed for business, with lively cafes, bars, and shops alongside creative offices, green spaces, and smart transportation.
4. Marina District
Spanning 115 hectares and curving along a 2-kilometer stretch of the bay, the Marina District is a vibrant hub for leisure and entertainment. It is divided into five distinct zones, each inspired by world-famous waterfronts such as Bali, Nice, Cannes, and Monaco. This district offers a lively atmosphere where festivities can be enjoyed day and night.
The Marina District is designed to be a destination for yacht enthusiasts, featuring a marina with stunning views of the city skyline. Visitors can enjoy the waterfront dining experiences that showcase breathtaking views of the bay. Beyond its luxurious appeal, the district also provides spaces for relaxation, entertainment, and social gatherings, making it a perfect spot for locals and tourists.
5. Riverside District
Covering 116 hectares along a winding river, the Riverside District brings together the peace of nature and the comforts of city living. Its design combines green spaces with modern amenities, creating a calm yet lively place for residents and visitors.
Here are some of the district's key features:
- Riverfront Parks and Homes: Beautiful parks and homes by the river offer a peaceful place to live and relax.
- Eco-Friendly Areas: The district includes special zones for eco-friendly businesses, tourism, and living, promoting a sustainable lifestyle.
- Different Living Options: From luxurious homes focused on wellness to cozy village houses, there's something for everyone.
- Retirement Village with Healthcare: This area is designed for retirees, providing special spaces for health and comfort.
- Sports and Recreation: Facilities for active lifestyles encourage community activities and fitness.
6. Downtown West District
Located on the western edge of Central Park, Downtown West, covering 98 hectares of land, is a symbol of an urban community inspired by places like London's Hyde Park and Manhattan's Battery Park. The district offers shopping centers, fine dining, and cultural venues, making it a lively spot for entertainment.
Here, you'll find luxury waterfront homes with beautiful views, creating a welcoming place to call home. The area is designed to be walkable and connected, with spaces for art and recreation. Downtown West combines sophistication with convenience, making it perfect for families and professionals looking for an upscale urban lifestyle.
7. Downtown East District
This vibrant area covers 137 hectares and blends the fast-paced world of finance with relaxing leisure spaces. It features the International Financial Center (IFC) to attract global businesses, a 1.8-kilometer Central Park for relaxation, and the lively Grand Boulevard for cultural and shopping experiences. The district also includes five monuments celebrating nature, art, and innovation, and the I360 Tower offers panoramic views of the town. It's a place where work and play come together, offering a balanced lifestyle for everyone.
8. Seagate District
The Seagate District is a luxurious area covering 137 hectares inspired by Palm Jumeirah, designed for the ultra-wealthy. It focuses on privacy, luxury, and a glamorous nightlife. This exclusive area offers special amenities tailored to provide ultimate privacy and personalized services.
The district features high-rise luxury resorts and hotels that offer the best in comfort and hospitality. The district also has a vibrant nightlife with luxury entertainment options, making it perfect for those who enjoy the finer things in life. It's truly a place where luxury living meets world-class amenities, catering to the most discerning tastes.
9. South District
Last but not least, located within the Bay of Lights, covering 83 hectares of land, the South District is a serene and luxurious haven. It is designed to provide an exclusive and private living experience, perfect for those seeking tranquility and peace. This district features:
- Exclusive and Privacy-Centric Design: Ensuring residents enjoy an undisturbed lifestyle, the South District is crafted to protect the privacy of its residents.
- Super Luxury Mansions: These grand homes are tailored for dignitaries and discerning individuals who value the finest living standards.
- Serene Living: The district embodies tranquility and relaxation, offering a peaceful escape from the hustle and bustle of city life.
Discover the Future of Living in Sihanoukville
Sihanoukville is transforming into a cutting-edge smart city, seamlessly connected by land, water, and air. With innovative city pod technology, smart transportation systems, and sustainable design, it aims to set a global example for future urban development. From water planes and cable cars to eco-friendly infrastructure, Sihanoukville is becoming a model of efficiency, convenience, and sustainability.
Currently, the International Financial Center (IFC) in Sihanoukville is making steady progress, with 55% of its space already rented out. Once completed, it will house government offices and commercial companies, which is key in attracting global businesses and investments to Cambodia.
This project is led by Canopy Sands Development Co., Ltd., whose vision goes beyond urban development. The company actively promotes Cambodia on the global stage, creating educational and job opportunities while attracting international investors to the Bay of Lights. With offices worldwide and plans for further expansion, Canopy Sands is committed to building a brighter future for Cambodia.
Ready to explore investment or living opportunities in this groundbreaking development? Contact Realestate.com.kh today and be part of Sihanoukville’s journey toward becoming Southeast Asia’s premier smart city!
Phone: +855 92 92 1000
Email: info@realestate.com.kh
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