Plans for a $51 million entertainment complex in Prey Veng province near the Vietnamese border that would include a “Jurassic Theme Park” as well as a casino, hotel and 500 serviced apartments, have surfaced following a filing on the Malaysian stock exchange yesterday.
The proposed development is to be completed within the next six years through a joint venture between Star Acres Sdn Bhd, a wholly owned subsidiary of Malaysian investment holding company MQ Technology Bhd, and the newly established Cambodian Resort and Entertainment Ltd.
MQ Technology is already trying to build a theme park in the southern Malaysian state of Malacca, according to the company’s executive director Robbie Hari Krishnan Tatparandam, who added that they would conduct a feasibility study to see if the Prey Veng project is viable.
Ros Phirun, deputy director of the finance industry department at the Ministry of Economy and Finance, noted that there are currently very few visitors from Vietnam coming to Prey Veng and the casinos there are empty. “So a better destination would be welcomed,” he said.
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