24 Sep 2018
Furi Real Estate announced a $10 million joint venture with an unnamed company from Macau to develop the first commercial shopping centre in Sihanoukville, a project aimed mainly at Chinese customers, the company’s director told The Post.
Chin Chan Len, the director of the project, known as Furi Times Square, said the large influx of Chinese tourists and investors has left Sihanoukville with a shortage of accommodation and commercial centres.
She said foreign tourists, especially Chinese visitors, struggled to find places for shopping and dining.
“Sihanoukville has grown rapidly in all sectors, but there are no commercial and shopping centres. Because there are so many Chinese guests, the building of Furi Times Square will focus on Chinese consumers,” she said.
The Sihanoukville Department of Tourism’s report showed that in the first half of this year, Preah Sihanouk province received 1.3 million tourists – up more than 10 per cent from the same period last year.
Tourists from China make up the most foreign visitors to the area – up nearly 44 per cent from last year.
Furi Times Square will be built in Sihanoukville’s Mittapheap district. The commercial centre, which will cover 1ha and stand four stories high, includes shopping malls, food stores, clothing stores, theatres and restaurants.