Business Daily Media

Canopy Sands Development's Bay of Lights Leads Sustainable Urban Development in Cambodia, Highlighted at Global Climate Action Forum

PHNOM PENH, CAMBODIA - Media OutReach Newswire - 20 May 2024 - At the Global Climate Action Forum (GCAF), Canopy Sands Development's Bay of Lights project is highlighted as a leading example of sustainable urban development in Cambodia.

The forum, held at Himawari Hotel Apartments and co-organized by the Ministry of Environment (MoE) and W-Foundation, emphasized Cambodia's commitment to sustainability through public-private partnerships.

Bay of Lights project showcased at the Global Climate Action Forum, a testament to Cambodia
Bay of Lights project showcased at the Global Climate Action Forum, a testament to Cambodia's commitment to sustainable urban development through public-private partnerships.

The GCAF attracted about 500 participants, including members of the National Council for Sustainable Development, representatives from inter-ministerial working groups, government bodies, embassies, development partners, the private sector, and civil society organizations. The event focused on climate justice, advocating for stronger climate policies, and sharing successful case studies from global climate action initiatives.

Canopy Sands Development, the master developer of the 934-hectare Bay of Lights coastal project in Sihanoukville, showcased its comprehensive master-planning efforts by Surbana Jurong, an urban, infrastructure and managed services consultancy that's wholly-owned by Singapore investment company Temasek Holdings. David Richard, Head of Division for Hospitality and Tourism, emphasized the company's commitment to embedding sustainability into every aspect of their work, highlighting the project's dedication to continuous improvement and transparency.

"Our vision for Bay of Lights is to create a sustainable urban environment that sets a benchmark for future developments in Cambodia," said David. "By integrating advanced environmental practices and fostering close collaboration with the government and local communities, we aim to deliver a project that not only meets current sustainability standards but also anticipates and adapts to future environmental challenges. This is about building a legacy of responsible development that will benefit generations to come."

Minister of Environment Eang Sophalleth reiterated Cambodia's commitment to climate action, noting the submission of the Long-Term Strategy for Carbon Neutrality (LTS4CN) to the United Nations Framework Convention on Climate Change in 2021 and the recent adoption of the Operations Manual for the implementation of Article 6 of the Paris Agreement. Canopy Sands Development is preparing to comply with Cambodia's Environment and Natural Resources Code, effective June 2024, enhancing environmental management, protection, and sustainable living.

In alignment with its commitment to environmental stewardship, Canopy Sands Development is actively preparing to comply with Cambodia's newly adopted Environment and Natural Resources Code, set to come into force in June 2024. This comprehensive code aims to enhance environmental management, protection, conservation, and restoration of natural resources, biodiversity, cultural property, and sustainable living.

Hashtag: #BayofLights #GlobalClimateActionForum #SustainableUrbanDevelopment #Cambodia

The issuer is solely responsible for the content of this announcement.

Bay of Lights

Bay of Lights is a pioneering development reshaping the skyline of Sihanoukville, Cambodia. With investment of USD 16 billion, this sprawling 934-hectare beachfront project has been meticulously master-planned to feature nine distinctive districts supporting the initiative's six core pillars: Financial Services, Tourism, Education, Entertainment & Lifestyle, Health & Wellness, as well as Art & Culture. Driven by a vision to create a world-class financial and tourism hub, Bay of Lights design encourages a sense of connectivity between diverse sectors and stimulating economic growth.

News from Asia

Newway Launches New Indoor Environmental Quality (IEQ) Laboratory

SINGAPORE - Media OutReach Newswire - 16 October 2024 – Homegrown air conditioning specialists, Newway SG, demonstrates a strong commitment to managing the impacts of indoor air quality (I...

JustMarkets Hosts a Golden Diwali Trading Contest

KUALA LUMPUR, MALAYSIA / NEW DELHI, INDIA - Media OutReach Newswire - 16 October 2024 - The multi-asset broker JustMarkets proudly presents its Golden Diwali Trading Contest, offering traders a c...

ATFX Announces Strategic Investment in Spark Systems to Enhance Institutional Offerings

LONDON, UNITED KINGDOM - Media OutReach Newswire - 8 October 2024 - ATFX is pleased to announce its strategic investment in Spark Systems, a next generation, institutional-grade eFX trading platfo...

Sahm Capital Among the First Batch of Companies to Participate in Transformative Capital Management IPO Project

RIYADH, SAUDI ARABIA - Media OutReach Newswire - 16 October 2024 - Sahm Capital, a CMA fully licensed financial company, proudly announces its position as the first batch of companies to parti...

VT Markets Q4 Gold Outlook: Anticipate a "Gold Frenzy"

Q3 Gold Performance Overview HONG KONG SAR - Media OutReach Newswire - 16 October 2024 - In the third quarter of 2024, gold prices demonstrated remarkable volatility, perhaps reflective of the mar...

Sahm Capital Introduces Index Option Trading to Empower Saudi Investors

RIYADH, SAUDI ARABIA - Media OutReach Newswire - 16 October 2024 - Sahm Capital proudly announces the launch of index option trading, a pivotal addition to its suite of services catering to the di...

Population Change in Asia is Set to Transform Thailand’s Real Estate Sector in Coming Years, says Proud Real Estate

BANGKOK, THAILAND - Media OutReach Newswire - 16 October 2024 - Thailand's real estate sector, estimated to be worth US 2 trillion, is on the brink of significant transformation, driven by th...

Johnson Electric and Aegis Sortation Announce Distribution Partnership

Aegis Sortation becomes exclusive technology distributor for Johnson Electric in the North American market VANDALIA, US - Media OutReach Newswire - 16 October 2024 - Johnson Electric, a global le...

Cushman & Wakefield responses to the Policy Address 2024/25

HONG KONG SAR - Media OutReach Newswire - 16 October 2024 - Response to the Policy Address 2024/25 by KK Chiu, International Director, Chief Executive, Greater China of Cushman & Wakefield: ...

Policy Address by Hong Kong SAR’s Chief Executive John Lee: Reform for Enhancing Development and Building Our Future Together

HONG KONG SAR - Media OutReach Newswire - 16 October 2024 - John Lee, Chief Executive of the Hong Kong Special Administrative Region today (October 16) announced his third Policy Address entitled ...

Maximising Your Return on Investment: A Comprehensive Guide to Evaluating Granny Flats

Granny flats, defined as self-contained secondary dwellings on a property, offer a unique investment opportunity for homeowners. They've gained qu...

Property

How COVID changed our shopping habits for good & what it means for the future

As Aussies say online shopping ‘came to the rescue’ in 2020 & 60% believe it will be even more important in 2021    COVID-19 has chang...

Business Training

Mitigating Risk and Ensuring Compliance: The Benefits of Long-Term Disability Lawyers for Hamilton Businesses

Businesses in Hamilton face various challenges, and mitigating risk while ensuring compliance is crucial. Long-term disability lawyers play a key ...

Business Training

The top reasons why gyms fail

Steve Grant is a Business Coach and Founder of GymHub.com.au   Every month thousands of new trainers walk out of their 6-month course with the qu...

Business Training

9 Ways To Get The Most Out Of Your Staff

Whatever the sector, research continually proves there’s a direct link between staff productivity and company profitability. There’s no denying that...

Business Training

Ways to Improve Your Sales Team

We all know that sales are the lifeblood of any business. Without them, revenue will dry up, and you will have to close your doors. It doesn't matte...

Business Training