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Dream Park plans underway

KNN Cambodia Co will open the Kingdom’s first major amusement park next March, according to founder and managing director Khunnath Cheam.

Construction has started on the US$10 million-plus Dream Park project – solely funded by KNN – located on the vacant block opposite Nagaworld, Phnom Penh’s only casino.

Khunnath Cheam acknowledged he was taking a risk as sole investor, but said the improved domestic economy and lack of competition augured well for the future of the theme park.

“I could see the economy in Cambodia was developing more every day, so people have more money. And when they have money, they will spend more to eat better food and have better amusement,” he said.

“I don’t see any amusement parks in Cambodia. So I thought if I launch this business I think I could make a good business from this one,” he said.

KNN has a five-year lease, starting in March this year, on the privately-owned land. Khunnath Cheam said he hoped to recover his investment within two years of the park opening.

The firm already has four other ventures: its core business of selling second-hand machinery, another business selling Khmer handicrafts, a clothing and textiles line and a small money transfer business.

“[Dream Park] is totally different to what I have been trading. In my [main business] there is more competition,” he said.

Dream Park’s rides were purchased from Europe with the construction of each to be overseen by the European company’s recommended engineer, he claimed, adding it was an important factor to ensure safety.

“We are really concentrating on the rides,” he said, adding he sourced the four main rides from Europe at a cost of more than 3 million euro (US$3.97 million).
 

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MBRkhmer
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I'm very happy to hear this, hopefully they not keep this good land become bull shit so long time again.. They should developing it since long time ago.

This land is very big and also the best location and if the previose Water fastival they open it for a concert area it could release some peoples from Koh Pic....! It could release some people from the dead of 353 too.
 

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When Koh Pich becomes more popular with exhibitions and the people move in, there is very good chance the rides will need to be relocated.

So an amusement park is certainly going to make money.

$10m sounds very cheap to build an amusement park, anyone know how big the park is going to be?

The investor wants to make $10m in 2 years, he need to make about $15000 every day, accounting for running cost, he probably need to have at least 2000 people every day willing to spent at least $10. If the park is too small, it is not going to work out.


This land is very big and also the best location and if the previose Water fastival they open it for a concert area it could release some peoples from Koh Pic....! It could release some people from the dead of 353 too.
If the concert was in this open ground, the disaster is most likely avoided.
 

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The park plan features major rides such as a tower drop and a pirate ship, as well as a roller-skating rink, an indoor playground and a giant Ferris Wheel. A go-kart track was still under negotiation, he said.

Some 200 stalls would be set up in the park, available for rent at a flat rate of $200 per month for businesses to sell anything from accessories and souvenirs, to food and beverages.

A strip of restaurants and cafes was being built facing the river. They will have two entrances - both externally to the riverside and internally to the park - to maximise traffic.

Susi Tan, the project director for Diamond Island’s developer Overseas Cambodia Investment Cooperation, said yesterday it remained to be seen what the competitive impact of the new park would be on Diamond Island’s businesses, given the close proximity.

“It might have a negative impact, or it might have a positive impact,” she said, adding the projects were catering for quite different tastes.

“I think we have a different style from each other. “
 

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Discussion Starter · #7 ·
i guess the size of this park is almost as big as dream world in Thailand

it will create a beautiful scenery along the riverside.

i think $10m amusement park is enough for a developing city like Phnom Penh since we do not have one.
 

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This park is look good for children, but it's not good for a person between 20 to 30 years old.

unless they have a line of fast train. ( I don't know its name )
You mean ''monorail'' or ''roller coaster''??
 

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I hope they can build ''roller coaster'' in this park .. :)
The starting price for a real roller coaster is $3-5 millions. But since we never have one at the first place, they can probably buy a 2nd hand small one for under $1 millions


You mean ''monorail'' or ''roller coaster''??
The park will be too small to install a monorail system, but monorail in PP Riverside would be interesting, between this park, 2 stop in Koh Pich, NagaWorld, 1 or 2 more stop in the river side, etc.

Maybe Mr Pung is interest in doing it.
 
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