New International Convention and Exhibition Centre To Be Developed By Canopy Sands Development
Canopy Sands Development (CSD) and AIM Global Foundation have signed a Memorandum of Understanding (MOU) at the 2024 AIM Congress to develop an international convention and exhibition centre in the Bay of Lights, Sihanoukville, Cambodia.
The 2024 AIM Congress was held in Abu Dhabi, UAE, and the two partners plan to develop an 11-hectare land site into a “world-class venue that will elevate Cambodia's status as a key destination for international events and exhibitions,” said a press release issued after the MoU signing.
In March 2024, the pair signed a strategic partnership agreement allowing AIM Congress Asia to call the Bay of Lights its home, added the PR.
Sihanoukville International Convention and Exhibition Centre - CSD
Dawood Al Shezawi, President of AIM Global Foundation, said of the MoU, "This partnership aligns perfectly with our mission to empower the world's investment by facilitating opportunities for productivity and expansion. Together with Canopy Sands Development, we are confident that the international convention and exhibition centre will become a catalyst for growth and prosperity in Sihanoukville and beyond."
The partnership covers feasibility studies, design, financing, construction, and management.
David Richard, Head of the Division for Hospitality and Tourism at Canopy Sands Development added, “The newly-signed MOU lays the groundwork for a strategic alliance that promises to harness the collective expertise and networks of AIM Global Foundation and CSD. Beyond building a venue; it's about creating a platform for cultural exchange, international collaboration, and showcasing the global economic possibilities that Cambodia has to offer.”
Canopy Sands Development - Cambodia
Canopy Sands Development recently won the top award at the Cambodia Real Estate Awards 2024 for the ‘Development of the Year’ and this latest news comes on the back of the launch of the Summer Bay & Beach Cabins, the plan to develop the Bay 19 golf course which is designed by the Greg Norman Golf Course Design team, and a MoU with Ascott Limited (Ascott) to manage two properties; the Oakwood Bay of Lights Sihanoukville, and Summer Bay Beach Club & Cabins by Preference.
The Bay of Lights has an investment of USD 16 billion and covers 934 hectares alongside the beachfront. The master plan outlines nine distinctive districts supporting the initiative's six core pillars: Financial Services, Tourism, Education, Entertainment & Lifestyle, Health & Wellness, as well as Art & Culture.