The Business Times
business-time-50

Cambodia’s Techo set to be main international airport next year

OCIC Group aims for the upcoming project to be a regional transit hub

google-preferred-sourceAdd BT as a preferred source
Goh Ruoxue

Goh Ruoxue

Published Fri, Mar 15, 2024 · 07:30 AM
    • A rendering of the new Techo International Airport in Phnom Penh that is due to be the ninth-largest in the world when it opens its doors next year.
    • The greenfield airport is built on a plot of land that spans 2,600 hectares.
    • British international architecture firm Foster + Partners is designing the airport.
    • A rendering of the new Techo International Airport in Phnom Penh that is due to be the ninth-largest in the world when it opens its doors next year. PHOTO: OCIC GROUP
    • The greenfield airport is built on a plot of land that spans 2,600 hectares. PHOTO: OCIC GROUP
    • British international architecture firm Foster + Partners is designing the airport. PHOTO: OCIC GROUP

    TOUCHING down next year in Cambodia is a modern airport that will boast of being the world’s ninth largest. It is set to take over as the South-east Asian country’s key international airport, replacing the longstanding Phnom Penh International Airport.

    Built on a 2,600-hectare (ha) plot of land – around the size of 3,700 football fields or roughly two-and-a-half times the land area of Singapore’s Changi Airport – the upcoming Techo International Airport hopes to be Cambodia’s answer to world-class infrastructure, as the once war-torn country takes big steps to woo foreign investors and grow the economy.

    “Otherwise, investors will always turn to Singapore first, followed by Vietnam, Malaysia and Indonesia, and Cambodia will each time be at the bottom of the food chain,” said Thierry Tea, vice-president of OCIC Group.

    Asean BusinessAseanInfrastructureCambodiaAirportsForeign investment

    TRENDING NOW

    Vincent Tan, founder of Berjaya Group, has reduced his holdings in multiple companies within the group.

    Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan

    OCBC group CEO Tan Teck Long says the bank is looking to spend “north of S$1 billion” a year in the next few years to build infrastructure to support its AI initiatives.

    OCBC rolls out AI-native banking, to hire 600 relationship managers in wealth push

    The freehold corner site in Lorong Liput is near Holland Village MRT station.

    Three Holland Village shophouses sold for S$70 million to Tat Lee Bank’s Goh family unit

    Air India has presented both challenges and potential opportunities to Singapore Airlines, but its investment outcome is still uncertain.

    The billion-dollar question Singapore Airlines shareholders should ask during its AGM

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More