Hong Kong-Based SUNWAH Group Mulls Investing in Real Estate Sector in SHV

The Sihanoukville provincial administration has expressed its full support to Hong Kong-based SUNWAH Group which intends to invest in the real estate sector in Sihanoukville, as company representatives are currently exploring investment potential in the province.

The investment plan was unveiled during the meeting between Sihanoukville Governor HE Kouch Chamroeun and Director of SUNWAH Mr Jason Choi on Thursday 17 February.

Mr Jason Choi said that SUNWAH has invested in real estate around the world including Hong Kong, China, Vietnam, Japan, Canada, among others.

In the future, the company also intends to invest in the real estate sector in Sihanoukville, which a new market expansion for the firm.

In response, HE Kouch Chamroeun welcomed the investment plan but urged the firm to study carefully.

The Cambodian government is currently working on a mega plan for turning Sihanoukville into a multi-purpose model special economic zone and a financial city, rivalling China’s Shenzen.

The government has also set up special inter-ministerial working groups to implement this project. (Read more and more)

 

 

- Video Advertisement -

Related Post

Cambodia Eyes Potential to Expand World-class Integrated Resorts Market, with 87 Casinos Currently Operating

Cambodia is advancing plans to expand its casino industry by developing world-class integrated resorts (IRs) and implementing attractive tax policies to entice investors. The announcement was made on 10 December 2024 by Khim Oudam, Deputy Director of Licensing at Cambodia’s Commercial Gambling Management Commission (CGMC), during remarks to GGRAsia. The country’s gross gaming revenue (GGR) […]

Sixteenth U.S. Investment Firms Explore Cambodia’s Technology, Agro-Industry, and Education Sectors

In a major boost to Cambodia’s economic landscape, 16 leading U.S. investment companies are visiting Cambodia from 9 to 13 December 2024 to explore investment opportunities in technology, agro-industry, and education—sectors poised for significant growth. The delegation’s visit, marked by high-level meetings with government officials and business leaders, highlights Cambodia’s rising profile as an attractive […]

Hong Leong Manufacturing Group Plans Major Investment Expansion in Cambodia

Hong Leong Manufacturing Group (HLMG), a prominent multinational conglomerate, has announced plans to expand its investment footprint in Cambodia, targeting key sectors including real estate, automotive parts, and manufacturing. The announcement came following a meeting between Datuk Kwek Leng San, Chairman of HLMG, and Samdech Hun Manet, PM of Cambodia. During the discussion, Datuk Kwek […]

Vietnamese Investors Inject Over USD 557 Million into Cambodia in 11 Months of 2024

Vietnamese investors have poured an impressive USD 557 million into Cambodia during the first 11 months of 2024, positioning Vietnam as the third-largest source of foreign investment in the country. This milestone was announced by HE Chea Vuthy, Secretary General of the Cambodian Investment Board (CIB) at the Council for the Development of Cambodia (CDC), […]

Building Bridges for Investment: Henan Delegation Explores Opportunities in Cambodia’s Construction Sector

The Cambodia Constructors Association (CCA) welcomed a high-level delegation from the Henan and Design Industry Association on 28 November 2024, at Canadia Tower in Phnom Penh. This strategic meeting underscored Cambodia’s growing appeal as a foreign investment hub, focusing on collaboration in the construction and infrastructure sectors. Acting on behalf of Lok Neak Oknha Pung […]

Cambodian Government Commits to Rebuilding Boeung Chhouk Market in Battambang for Affected Traders

The Cambodian government has announced a comprehensive plan to reconstruct the Boeung Chhouk Market in Battambang, which was severely damaged in a fire on 3 November 2024, destroying nearly 150 stalls. PM Samdech Hun Manet confirmed the project during the inauguration ceremony of achievements in the Boeung Chhnuk Techo Win-Win Development Zone on 29 November […]