rtificial ntelligence City Siem Reap, Cambodia
CAMBODIA VISION DEVELOPMENT
THE BACKDROP Property Development in Cambodia The property outlook in Cambodia looks promising, with land valuation in Phnom Penh rising 6.6% in 2017. There were signs that demand for high quality housing (including offices) has outpaced supply in the recent years, albeit a 22% spike in approval construction investment (with a combined value of US$6.8 billion) in 2017. This suggests further upside in land valuation and property prices going forward, and the spike could prove steeper than expected. The boom in the property sector of Cambodia can be attributed to a confluence of factors: First, the ‘One Belt One Road Initiative’ has triggered an influx of FDI (majority from mainland China) into Cambodia, thanks to the latter’s strategic position in the Asian region. Second, the intensive foreign participation in the property development of Cambodia has also translated into an increasing inflows of foreign expatriates and tourist arrivals. Third, job creation in the economy (from FDI) has provided the well-needed boost to the purchasing power of locals in the country. This contributes yet another source of demand for quality housing. However, risks remain. The hidden costs of licenses and approvals from relevant authorities could often prove bigger than expected. Corruption is flagged as the top reason deterring FDI in Cambodia, according to the World Economic Forum. The rule of law in Cambodia has not been established. From this perspective, there were concerns among foreign investors about the legal protection of their businesses (or assets) in the country. Cambodia is dominated by cash-based transactions. This implies that the disbursement of big-ticket investment spending could – and would – face challenges down the line. The B The Bot ottom Li Line: A Strategic S Set etup i is the he K Key ey f for or P Prud udence E Ent ntry and and P Pos ositioning
THE STRATEGIC SETUP Cambodia Counterpart Cambodia Vision Development Co Ltd (“CVD”) CVD is a company incorporated in Cambodia. CVD owns a heritage site of 1,500 hectares in Siem Reap, Cambodia. CVD plans to develop the site into a modern, state-of-the-art AI (artificial intelligence) city, with the infusion of the rich cultural heritage of Cambodia. CVD has obtained all the licenses, permits and approvals from government authorities to embark on this massive and revolutionary (development) project.
THE STRATEGIC SETUP Cambodia Counterpart Cambodia Vision Development Co Ltd (“CVD”) Shareholders / Directors: 50% owned by Mr Lim Hua Nam and Mdm Song Shuyan 50% owned by Ms Keo Srey Power Attorney: Mr Lim Hua Nam and Mdm Song Shuyan
THE STRATEGIC SETUP Singapore Counterpart CVD Singapore Development Pte Ltd (“CVD Singapore”) CVD Singapore is a company incorporated in Singapore. CVD Singapore will carry out the development project of the AI & Heritage City in Siem Reap, which includes the structuring of the Master Plan and the provision of other-related professional services. Shareholders / Directors: 50% owned by Mr Lim Hua Nam and Mdm Song Shuyan 50% owned by Ms Keo Srey
THE STRATEGIC SETUP Singapore Counterpart Clearwater Coinbank Limited (“Coinbank”) Coinbank is a company incorporated in Singapore. Coinbank will work in tandem with CVD Singapore to market, promote and monetize the Land Lots by procuring funding from potential investors, to realize the Master Plan prepared by CVD Singapore.
The Heritage Site N W E S
State-of-the-Art AI Technology BLOCKCHAIN Technology AI & Heritage City The Perfect Blend of Technology & Nature Luxury Living Within Nature Rich Heritage Culture
THE AI CITY MASTERPLAN AI & Heritage City Siem Reap, Cambodia High Quality Housing and Offices Integration of Water and Greenery into Environment The Perfect Blend Greater Mobility with Enhanced Transport Connectivity of Technology & Nature Technological Corridors with Data Centres Business Parks, Academic Institutions and Hospitals Self Sustaining Ecosystem: The AI and heritage city will be surrounded by Solar Energy as Primary Source of Energy Supply high-tech solar panels which will provide the primary source of energy. Digital Corridor: A digital corridor cluster will be created and be dedicated to digital, data and cyber-security industries Green Lungs and Public Spaces: Public Spaces (such as parks, botanical garden, open plazas and pedestrian malls) have significant effects on the quality of the city. Water Bodies: There will be lakes, canals and moats, which are inter- connected, where leisure and water sports are encouraged. Lakes shall serve as self sustaining water supply catchment areas. Transport Networks: To support the transport needs of the population, ring roads (for vehicles), rail tracks (for trains) and moat (for boat taxis and sailing boats) will be built to enable greater accessibility for public transport. Recreation: Two 18-holes golf courses will be built. Lakes, moats and canals for sailing, boating, tracking for jogging and cycling will be built and are interconnected around the city fringes. Housing: A variety of housing types is encouraged to create a sense of diverse neighbourhoods, beauty, comfort and convenience with wide ranging amenities (such as local shopping, green spaces and playgrounds.
Contact Us enquiries@cvdaicity.com Confidentiality and Disclaimer The information contained in this document is confidential, privileged and only for the information of the intended recipient and may not be used, published or redistributed without the prior written consent of CVD Singapore Development Pte Ltd. The opinions expressed are in good faith and while every care has been taken in preparing this document, CVD Singapore Development Pte Ltd makes no representations and gives no warranties of whatever nature in respect of this document, including but not limited to the accuracy or completeness of any information, facts and /or opinions contained therein. CVD Singapore Development Pte Ltd, its subsidiaries/associates, the directors, employees and agents cannot be held liable for the use of and reliance of the opinions, estimates, forecasts and findings in this document.
CAMBODIA VISION DEVELOPMENT CO LTD CVD SINGAPORE DEVELOPMENT PTE LTD CLEARWATER COINBANK LIMITED
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