Malaysian-based Mall Set to Open

International malls have eyed Cambodia as an emerging investment for some years as the middle class consumers grow. Cambodia now is set to experience a new shopping style when Malaysian-based Phnom Penh Mega Mall opens for business in early 2018.

Initially called Parkson and later formally named Phnom Penh Mega Mall, the newly developed 11-storey shopping mall is about 200 meters from the Techno flyover along the Russian Boulevard.

After commencing building in late 2012 and due to open in 2016 or early 2017 it has been delayed. However, Phnom Penh Mega Mall General Manager Rofy Othsman told a local news that the retailer will give the green light for business by the beginning of 2018.

According to Mr. Rofy the retailer outlet has the capacity to accommodate 1,500 cars, and 3,000 motorbikes in its parking space. The mall is going to offer a wide range of products with a supermarket in the underground floor, opening its door from 9am until 10pm and an entertainment department that will open until 2am.

“The Cambodian people will enjoy a new style experience with various products from international brands,” he said. “We [Phnom Penh Mega Mall] mainly target the locals by saving their time and money of shopping overseas since the well-known brands have already stepped to nation,” he added.

The soon-to-open downtown capital hypermarket measures 165,000 square metres, and is expected to create job opportunities to serve the expected 4,000 people per day. The mall is not only aimed at providing entertainment and shopping, but also as tourist attraction site, he explained.

Incepted in 1987, Parkson Asia Limited is a subsidiary firm of Lion Group, which is a Malaysian investor that currently plans to further expand its mall department stores and already boasts a total of 115 outlets in Malaysia, China, Vietnam Indonesia, and Myanmar, according to the Lion Group website.

- Video Advertisement -

Related Post

Cambodia Inaugurates New National Assembly Administration Building with Vietnamese Support

Cambodia has officially inaugurated a state-of-the-art National Assembly administration building, thanks to a generous aid package of $25 million from Vietnam. The inauguration ceremony took place on November 21, 2024, with prominent figures in attendance, including Samdech Khuon Sodary, President of the National Assembly, and His Excellency Tran Thanh Man, President of the National Assembly […]

Brunei’s Khazanah Nasional Targets Multi-Sector Infrastructure Investment in Cambodia

Khazanah Nasional Berhad, a leading investment firm from Brunei Darussalam, has announced plans to explore infrastructure investment opportunities in Cambodia, focusing on health, water resources, transport infrastructure (including railways and airports), and banking. This initiative was discussed during a meeting between PM Hun Manet and Khazanah’s CEO, Mr. Dato Khairul Hamed, on 19 November 2024. […]

Japan Invests Over USD40 Million in Cambodia, Enhancing Economic Partnerships in 2024

Japan has invested over USD40 million in Cambodia during the first ten months of 2024, reaffirming its position as the seventh-largest investor in the country. This development was highlighted in a report by the Council for the Development of Cambodia, released on 19 November 2024. To further strengthen bilateral economic ties, the Cambodian Duke Association […]

Chinese Investor Zhongjiao Tongli Expands Agricultural Ventures in Ratanakkiri and Mondulkiri

China’s Zhongjiao Tongli has announced plans to invest in large-scale cultivation of bananas and mangoes across Cambodia’s northeastern provinces of Ratanakkiri and Mondulkiri, signalling a significant boost for the nation’s agricultural sector. The announcement followed a meeting between PM Hun Manet and Mr. Zhongdi Sun, President of Zhongjiao Tongli, on 6 November 2024, in Kunming, […]

Korean Firm Heungkuk Industry Eyes Investment in Cambodian Cashew Processing Sector

Heungkuk Industry, a leading South Korean construction materials manufacturer, is set to invest in Cambodia’s burgeoning cashew processing sector. The commitment was unveiled during a meeting on 19 November 2024 between HE Vongsey Visoth, Deputy PM overseeing the Office of the Council of Ministers, Mr. Lee Kee Yun, Director of Heungkuk Industry, and Professor Lee […]

ARK Electronics Group Unveils USD1.3 Billion AI driven Industrial Park Project in Kampong Speu

ARK Electronics Group, a leading Chinese company, has announced an ambitious USD1.3 billion investment to establish a 1,000-hectare industrial park in Kampong Speu Province, set to transform the province’s industrial landscape. The announcement followed a high-level meeting between HE Dr. Cheam Chansophoan, Governor of Kampong Speu Province, and Ms. Chang Venza, General Director of ARK […]