Source:Comprising about 20% of Cambodia's coastline, the UDG development was billed as a luxury resort that would cost up to $3.8 billion. But after the initial construction of a hotel, surrounding golf courses and roads, the project has largely remained stalled, with the exception of its airport.
The company's grand vision of a casino city attracting millions of Chinese tourists is yet to materialize. Nor has there been progress on broader plans at the site for what has been called the "Cambodia-China Comprehensive Investment and Development Pilot Zone," which is to feature industrial parks, container terminals and the port.
The development has been listed as a "priority cooperation project" by Cambodia and China since 2016. And while it predates Chinese President Xi Jinping's announcement of the Belt and Road Initiative by five years, UDG has aggressively branded it a BRI project in its public materials.
https://asia.nikkei.com/Politics/International-relations/US-China-tensions/Chinese-resort-developer-in-Cambodia-hit-with-US-sanctions


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