Deal #22

Location #1

Spatial accuracy level
Administrative region
Location
Sihanoukville, Kambodscha

Target country
Cambodia
Comment on location
Chunks of beach front near Ream. (Koh Rung Sangleum)

Land area

Comment on land area
Chunks of beach front.

Intention of investment

Intention of the investment
Tourism
Comment on intention of investment
"Beachfront Development Project" - The firm’s strategy is to acquire undeveloped beachfront land in emerging economies like Cambodia and Indonesia. The partners predict that the rising wealth of the Pacific Rim will spell greater demand for beachfront developments as tourism and second-home purchases rise.

Nature of the deal

Nature of the deal
Lease

Negotiation status

Negotiation status
[2008] Concluded (Contract signed)

Contract #1

Duration of the agreement (in years)
99

Operating company

 

Network of parent companies and tertiary investors/lenders. Please click the node next to a company to get more details.

Data source #1

Data source type
Media report
File

Data source #2

Data source type
Media report
File
Date
2010-06-25

Consultation of local community

Community consultation
Limited consultation
Comment on consultation of local community
“FFI, even with knowledge about the reduction of community land, seems happy to support a concessionaire that has created a master plan without any local consultation, regardless of the effects to the community.” (http://www.skyscrapercity.com/showthread.php?t=1148593)

How did the community react?

Community reaction
Rejection
Comment on community reaction
"He said a group of 50 villagers had attended this week’s meetings with FFI representatives, who he said told them to immediately stop cutting down trees and constructing buildings." (http://www.skyscrapercity.com/showthread.php?t=1148593)

Displacement of people

Comment on displacement of people
There are 92 families that might be affected by the project. Some people might be subject to evictions, but till now it is not known how many exactly.

Nov. 19, 2015, 10 p.m.

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April 22, 2014, 3:02 p.m.

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July 11, 2013, 1:18 p.m.

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June 10, 2013, 7:53 p.m.

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May 13, 2013, 12:21 a.m.

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Feb. 15, 2013, 4:59 p.m.

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