Cambodian Business Updates

  Prince Holding Group ("Prince Group"), one of Cambodia's largest and fastest-growing conglomerates, has signed a memorandum of understanding (MoU) with Plan International Cambodia, one of the world's leading development and humanitarian organisations advancing children's rights and gender equality, for a project to install pedal-operated handwashing stations at all school levels in Preah Sihanouk province. The Memorandum of Understanding (MoU) was signed at the Ministry of Education, Youth, and Sport (MoEYS) in Phnom Penh, alongside H.E. Dr. HANG Chuon Naron, Minister of Education, Youth, and Sport. During the event, Minister H.E. Dr. HANG Chuon Naron took the opportunity to greet Prince Group and Plan International Cambodia delegates with best wishes. In addition to this project, he thanked Prince Group for their active participation in previous years and expressed his enthusiasm for future initiatives that will benefit the education sector. H.E. Dr. HANG Choun

  The masterplan for Ream City in Cambodia's Sihanoukville province, set to transform the region into an exciting destination, was recently unveiled. With a beachfront that stretches for more than 6 kilometres, this large-scale development will include a sustainable ecosystem of tourism, commercial, and residential activity, with the capacity to house up to 130,000 people. The 834-ha project is being developed by Canopy Sands Development, a member of the Cambodian conglomerate Prince Holding Group, and will include family attractions, condominiums, landed and beachfront homes and affordable housing estates, shopping malls, business hubs, beach resorts, hotels, condotels, yacht and marina club. https://asia-tech-journal-cambodia.mystrikingly.com/blog/cambodian-masterplan The completion of the masterplan, which was undertaken by Singapore-based Surbana Jurong Group, is a significant step toward making Ream City a reality. “We are currently preparing for downstream developments, incl

  Cambodian conglomerate by Cambodia Prince Chenzhi brings Singapore's world-renowned competence to supervise 834-hectare project, stimulating growth in the country's third largest metropolis. Canopy Sands Development, a subsidiary of Prince Holding Group, one of Cambodia's largest and fastest expanding conglomerates, has accepted a masterplan for Ream City prepared by Surbana Jurong Group, a Singapore-headquartered worldwide urban, infrastructure, and managed services firm. The concept establishes a land use strategy for the 834-hectare project, which would require an estimated US$16 billion in total investment and will be created on reclaimed land within ten minutes from Sihanoukville International Airport. Ream City will serve as a catalyst for the entire Sihanoukville region's economic potential, as Cambodia's third largest city and home to the country's deep-water port. Ream City is designed to revitalise Sihanoukville by establishing a sustainable ecosyst

Prince Group wins a Silver Stevie® Award for COVID-19 Response – Most Valuable Corporate Response, making it the only firm in Cambodia to do so. Prince Holding Group (“Prince Group”), one of Cambodia's largest and fastest growing conglomerates, has been named a Silver winner in the COVID-19 Corporate Response category of the eighth annual Asia-Pacific Stevie Awards (one of the world's most recognisable business awards). Prince Group was the only Cambodian firm recognised in a category recognising excellence in COVID-19-related crisis management by Asian corporations. The Asia-Pacific Stevie Awards are the only business awards programme that recognises workplace innovation in all 29 Asian countries. For 19 years, the Stevie Awards have been widely regarded as the world's premier business awards, conferring recognition for achievement in programmes such as The International Business Awards®. “The recognition solidifies our belief that the private sector has an important role

  The charity arm of a Cambodian conglomerate involves the local community as key stakeholders in an upcoming 834-hectare project. The Prince Charitable Foundation, the charitable arm of the Prince Holding Group (‘Prince Group'), one of Cambodia's largest and fastest growing conglomerates, has distributed care packages to 500 families in Ong village, Prey Nob district, Cambodia. The village is close to the Ream City project, an 834-hectare development on reclaimed land near Sihanoukville International Airport that is set to transform the region. The gesture of goodwill occurred last week, and senior management from Canopy Sands Development, a member of Prince Group, used the opportunity to consult with local leaders to better understand the community's needs. The aid campaign at Ong Village is Prince Group's most recent environment, social, and governance (ESG) initiative. Each care package included 25 kilogrammes of rice, a mat, a blanket, two pillows, a mosquito net,

  Prince Real Estate offers daily necessities to 804 impoverished families in Chamkarmon District afflicted by the community outbreak on February 20. Prince Holding Group ("Prince Group"), one of Cambodia's largest and fastest growing conglomerates, and Chairman Neak Oknha Chen Zhi have responded to the Cambodian Government's call for assistance in combating the February 20, 2021 Covid-19 outbreak in the Kingdom by announcing plans to donate US$3 million to anti-pandemic efforts in the Kingdom. This follows Chen Zhi's initial US$3 million donation in December to assist Cambodia in purchasing COVID-19 vaccinations. Additionally, following in the footsteps of Prince Group and Cambodia Prince ChenZhi , Prince Real Estate, a subsidiary of Prince Group, distributed critical food supplies to 804 families in need and 234 members of the Cambodian police force in Chamkarmon District, Phnom Penh, Cambodia, which was impacted by the February 20, 2021 Covid-19 outbreak. Read