Local conglomerate LYP Group has been granted permission by the Council for the Development of Cambodia to build a water park in Phnom Penh.
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The development, known as Angkor Water Park, will be located in Chroy Changvar district, in Phnom Penh’s Northeast, and will cost an estimated $55 million, according to a company press release last week.
LYP Group, owned by tycoon Ly Yong Phat, announced last year plans to invest in the water park.
According to last week’s announcement, the water park will be built on 6 hectares of land near Safari World Zoo, another investment by LYP Group that opened in March 2018.
The contractor for the project will be the United Kingdom’s White Water Group. The park is scheduled for completion by the end of the year.
LYP said it will be bigger than the Cartoon Network Waterpark in Pattaya, Thailand.
Seng Nhok, LYP Group director general, said the development will give Phnom Penh its first international-standard water park and entertainment hub.
Last year, the LYP Group opened Safari World Zoo, a $10 million facility that hosts 800 animals, including bears, ostriches, kangaroos, giraffes, tigers, dolphins and deer. The zoo was originally in Koh Kong province and was relocated to Phnom Penh.