OCIC Inks Deal with Malaysian Firm to Boost Cambodia’s Construction & Real Estate Sector

• 4 August 2022
• Local News
• 2170 Views

The Overseas Cambodian Investment Corporation (OCIC) has signed a Memorandum of Understanding with Malaysia’s Eakon Group to develop the Elysee project in Phnom Penh.

The MoU was signed on 02 August between Director of OCIC and Mega Asset Management Lim Lychin and Group Managing Director of Eakon Group Dato’ Sri Ricky Yaw.

The Malaysian Ambassador to Cambodia Eldeen Husaini Mohd Hashim and Charles Vann, Executive Vice President of Canadia Group also attended the event.

Under the agreement, Eakon Group will share professional engineering, architectural and construction know-how and technical skills with OCIC counterparts and also assist to source retail tenant mix and international investors for the Elysee project.

“Through this partnership, we will look forward to highlighting the many advantages of Cambodia’s investment opportunities, allowing us to also emphasise OCIC’s competitiveness in delivering pioneering property and infrastructure projects in the country,” said Ms Lychin.

Located on Diamond Island, the Elysee project is inspired by the Champs Elysees in Paris and is one of OCIC’s major milestones.

The Elysee features mixed-use exclusive residences, premium-grade offices, fine dining and leisure areas.

• Projects Development