Hong Kong Firm, Sunwah Group, Expands Investment Horizons in Cambodia, Eyes Five Key Sectors

• Sommana Yan
• 17 April 2024
• Uncategorized
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Hong Kong-based Sunwah Group is set to broaden its investment portfolio in Cambodia, signalling its intent to venture into five pivotal sectors beyond its existing seafood processing operations, which have been operational since 1994. This development emerged from a high-level meeting between Prime Minister Samdech Hun Manet and Mr. Jonathan K.S. Choi, President of Sunwah Group, on 8 April 2024.

During the meeting, Mr. Choi led a delegation comprising more than 70 companies spanning diverse industries such as technology, finance, digital, real estate, energy, and tourism. Mr. Choi articulated the group’s aspiration to deepen its presence in Cambodia by expanding investments across multiple sectors.

Specifically, Sunwah Group expressed interest in investing in the following areas: (1) development of green special economic zones (Green SEZ), (2) construction of commercial buildings and condominiums, (3) tourism sector, (4) installation of electric vehicle charging stations (EV Charging Station), and (5) establishment of 5G telecommunication network stations.

The PM welcomed Sunwah Group’s investment propositions and encouraged further dialogue with relevant ministries and institutions to facilitate the realisation of these projects. Notably, discussions are slated to involve key stakeholders such as the Council for the Development of Cambodia (CDC), the Ministry of Public Works and Transport, the Ministry of Mines and Energy, and the Ministry of Posts and Telecommunications, depending on the nature of each investment endeavour.

In response to Sunwah Group’s interest in the tourism sector, Samdech PM underscored the government’s commitment to supporting tourism initiatives and enhancing connectivity. He highlighted efforts to promote Cambodia as a premier tourism destination and facilitate direct flights from various international markets.

Moreover, Sunwah Group’s inclination towards real estate investments, particularly in Sihanoukville, reflects the province’s burgeoning appeal as an investment hotspot. (Read more)

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