Nagacorp’s ‘Angkor Lake Of Wonder’ Theme Park Denied
Siem Reap: NagaCorp Ltd, owner and operator of NagaWorld in Phnom Penh, in November 2020 revealed plans to develop a US$350 million non-gaming resort in Siem Reap aimed at promoting NagaWorld and UNESCO world heritage-listed Angkor Wat as “twin tourism icons of Cambodia.”
The ambitious plan- dubbed Angkor Lake Of Wonder- was made possible after the Cambodian government granted NagaGroup Global Limited, a wholly-owned subsidiary of the company, a 50-year lease on 75 hectares of land located just 500 meters south of the outer restricted zone surrounding Angkor Wat.
According to a press release from the Ministry of Culture and Fine Arts, the 75 hectare site proposed development- larger than the combined size of Disneyland and Disney California Adventure in Los Angeles- has been rejected.
It remains to see if a counter proposal for the site will be made in the future.
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