{"id":16280,"date":"2021-03-26T16:54:55","date_gmt":"2021-03-26T16:54:55","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=16280"},"modified":"2026-04-23T20:48:35","modified_gmt":"2026-04-23T23:48:35","slug":"nagacorp-to-continue-with-plans-for-angkor-wat","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/nagacorp-to-continue-with-plans-for-angkor-wat","title":{"rendered":"NagaCorp to continue with plans for Angkor Wat"},"content":{"rendered":"\n

NagaCorp’s chairman Tim McNally told media that the company will develop fresh plans for Angkor Wat after the Cambodian government rejected its initial proposal.<\/p>\n\n\n\n\n\n\n\n

Cambodia.- NagaCorp’s chairman has revealed that the company is already working on a new plan<\/strong> after the Cambodian Ministry of Culture and Fine Arts vetoed the company’s plan for a resort at Angkor Wat<\/a><\/em><\/strong> earlier this week.<\/p>\n\n\n\n

NagaCorp wanted to build a US$350m non-gaming resort<\/a><\/em><\/strong>\u00a0at the UNESCO world heritage site, but faced opposition from UNESCO <\/strong>itself due to the proximity of the project to the protected buffer zones of the site and “the scale, scope, and concept of the planned activities.”<\/p>\n\n\n\n

Taking those concerns into consideration, the Cambodian government’s International Coordinating Committee for Angkor (ICC-Angkor)<\/strong>\u00a0said the plan could not go ahead.<\/p>\n\n\n\n

However, NagaCorp chairman Tim McNally told GGRAsia:<\/strong> \u201cWe have already acknowledged the prior concerns expressed by UNESCO. As a result we will continue to develop fresh plans that are acceptable to achieve the objective of creating tourism venues and at the same time respecting the historical and spiritual wonder of the Angkor Wat site.\u201d<\/p>\n\n\n\n

He added: \u201cWe listen carefully and particularly and coordinate closely with key representatives of the government of Cambodia. Although I cannot provide a timetable at this time I can assure you we will continue to develop an acceptable plan for this area that will accommodate and promote tourism in the best interest of the country.<\/p>\n\n\n\n

\u201cOur goal is to enhance and maximise tourism as a growth business sector and promote and complement the World Heritage site Angkor Wat.”<\/p>\n","protected":false},"excerpt":{"rendered":"

NagaCorp’s chairman Tim McNally told media that the company will develop fresh plans for Angkor Wat after the Cambodian government rejected its initial proposal.<\/p>\n","protected":false},"author":2,"featured_media":16282,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"NagaCorp's proposed US$350m non-gaming resort near Cambodia's Angkor Wat was rejected by the Cambodian government due to UNESCO concerns regarding its proximity to protected buffer zones and the project's scale. Chairman Tim McNally confirmed the company will develop new plans, emphasizing collaboration with the Cambodian government to create tourism venues while respecting the heritage site.","focusai_entities":"NagaCorp, Tim McNally, Cambodian Ministry of Culture and Fine Arts, UNESCO, International Coordinating Committee for Angkor (ICC-Angkor), GGRAsia","focusai_location":"Cambodia, Angkor Wat","focusai_target_profile":"ceo_executive (0.9), regulator (0.85), compliance_legal (0.8), operator_casino (0.75), investor_analyst (0.9), journalist_researcher (0.85)","focusai_suggestions":[{"label":"NagaCorp's Revised Plan Timeline?","query":"What is NagaCorp's revised timeline for submitting new development plans for the Angkor Wat area, and what specific modifications are anticipated to address UNESCO's prior concerns regarding scale and proximity?"},{"label":"Impact on Capital Allocation?","query":"How will the rejection of the initial Angkor Wat resort proposal impact NagaCorp's capital allocation strategy and its broader diversification efforts into non-gaming verticals?"}],"footnotes":""},"categories":[157,16333],"tags":[2336],"class_list":["post-16280","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-east-asia-news","tag-nagacorp"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/16280","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=16280"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/16280\/revisions"}],"predecessor-version":[{"id":16297,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/16280\/revisions\/16297"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/16282"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=16280"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=16280"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=16280"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}