SIEM REAP, Cambodia, May 8, 2014 /PRNewswire/ -- Following the official press conference held in Beijing last December for the mega development project hailed as one of the largest real estate projects ongoing in Cambodia, the developers of the Siem Reap Metropolis, Cheung Sheng Development, has moved to sign a memorandum of understanding with Hyundai Engineering. The agreement was sealed between both parties on 29th April 2014, whereby Hyundai Engineering will provide technical assistance for the role of the contractor for first phase of development for the Metropolis Project.
The Siem Reap Metropolis Project was convened since August 2013, and since then, its developers, Cheung Sheng Development, a subsidiary of Cheung Sheng Global Holdings Limited, has pieced together the various elements necessary. The project occupies a total of 227,981.650 square metres of prime land in the city of Siem Reap, and houses a mix of an indoor heritage theme park, hotels, retail, offices, and residential condominiums.
A notable element of this phase of development is the Angkor Renaissance Indoor Heritage Theme Park, a 4-level indoor facility affectionately designed after the famous Angkor Wat. Its crystalline exterior serves to visually impact all, and within it are 6 major rides and a myriad of other entertainment options, allowing visitors of Siem Reap a more interactive experience as they seek to rediscover the history of the ancient Khmer Empire.
Other elements of the first phase of construction includes a 7-storey hotel, as well as 3 blocks of 3 stories that would jointly form the Century Lane shopping street, a place for retail, entertainment and dining options. Underground mall area and car parking are also part of this phase's development.
Cheung Sheng Development has confirmed that construction would start in June 2014, and this phase will be fully complete and operational by June 2016.
