The Beverly Hillbillies are missing out on the oil boom in SihanoukVille, Cambodia. While only a few will benefit directly from the oil and gas coming out of the ocean, SihanoukVille is becoming the base for all the oilfield exploration, drilling and soon refining in Cambodia. Many hotels have booked blocks of rooms for several months for the drilling companies, and the services that support them. And several new hotels, big and small are going up all over town.
Land prices have started to climb a bit, after levelling of for the last several months. Several new large scale construction project, mostly housing and retail/office space, have started up in the last few months, not including the ongoing projects. Snake Island, and the bridge to Snake Island have only just started, and the marina on the mainland is almost finished.
The town put in a couple stoplights, but haven't turned them on yet. A 'nother bank has opened downtown to get the total up to around 10.
New islands, that nobody noticed before, have been sold off, in the Billions of dollars to large investment groups. Little is known about what activities have been going on though.
A new oil refinery, dam, and electicity power station are going up. Streets are being upgraded. Yet you can still get cable T.V. (in about 12 different languages) for $4 a month.
One company is starting an executive, gated housing project with Western style construction.
Most of the high end hotels are booked from November 'til April of 2009, and a few are pre-booked up to 2012.
There's more, but that's enough for now.
Tuesday, August 26, 2008
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