CEO KT PACIFIC - 太平洋CEO

China is helping to build a new stadium for Cambodia with an investment amount of about CNY1.1 billion, which will host the Southeast Asian Games in 2023

In early 2017, the Ministry of Public Works and Transport of Cambodia announced the construction of a light rail system in Phnom Penh to ease traffic congestion. The Japan International Cooperation Agency (JICA) had conducted analytical studies on the project since April.

Construction of submarine cable linking three countries - Cambodia, Malaysia, and Thailand, has been approved
Telcotech Ltd., Telekom Malaysia Berhad (TMB), and Symphony Communication Public Company Limited (SCPC) signed a contract for the design and construction of the MCT (Malaysia-Cambodia-Thailand) submarine cable system several years ago. About 1,300 kilometers long, the MCT submarine cable system started to operate at the end of 2016, with a total construction amount of US$70 million.

Phase 5 and phase 6 transmission network expansion projects cover about 13 provinces in the north-central and southwestern coastal areas of Cambodia. After completion, it will improve the electricity status of the provinces and cities along the line to meet not only the electricity consumption of residents but also fulfill the electricity demand of industrial production.

The primary purpose is to supply electricity to the Sihanoukville Special Economic Zone (SSEZ), with an investment amount of US$383 million. Completed at the end of 20xx, the power plant has solved the electricity problem in Sihanoukville Province.

The secondary hydroelectric power plant at Sesan River in Stung Treng Province (Lower Sesan 2 Hydropower Dam) has begun to generate electricity in 2017.

The construction of the domestic passenger terminal at Phnom Penh International Airport was completed at the end of 2017. The project was built by the construction subsidiary of Malaysia-listed Muhibbah Engineering (M) Bhd and the French-owned Vinci Holding, with an investment amount of approximately US$23 million.

Cambodia plans to build a highway connecting Vietnam, a two-hour drive from Phnom Penh to Ho Chi Minh City. After completion, it will significantly reduce transportation costs and time.

The National Highway 4 stretches 191km in length, from the capital Phnom Penh International Airport in the north to the west, running along the southwest, southern, and western regions, reaching the main port city, Sihanoukville City in the south. It is an important transportation hub and a first-class national highway in Cambodia.

The government of Cambodia has officially agreed to construct the Pan-Asia Railway Network Northern Route to connect with the State Railway of Thailand, starting from Phnom Penh at the north, passing through Kampong Chhnang Province, Battambang Province, and Banteay Meanchey Province to Poipet City at northwest of the Cambodian border, with a total distance of 400km.

Following the opening of the first Aeon Mall with brilliant achievements, Aeon spent US$200 million building a second shopping mall. Recently, it has announced that it will invest and construct the third Aeon Supermarkets at Hun Sen Blvd. to meet the higher needs of the public. It reveals that the consumption growth of Phnom Penh City has moved a step further.

With a total investment amount of more than US$96 million, Parkson Mall on Russian Blvd. in Chaom Chao, Koh Kong District is built to target a more diversified consumer group than that of Aeon Japan. It has restaurants, cinemas, gyms, bookstores, other international fashion brands, entertainment, and leisure consumption, etc., expecting to bring Phnom Penh with another urban atmosphere.

Optimistic about the growing tourist population and the influx of money in Phnom Penh, Malaysia-based Genting Group invested in the second phase of the existing NagaWorld Casino, the NAGA2. It would consist of a large recreational resort, including casino entertainments, hotels, theaters, restaurants, shopping, and other leisure facilities.

Cambodia Petrochemical Company Co., Ltd. (CPC), a subsidiary of the Pacific Group led by Xu Guang Xiu, officially cooperated with CNPC Northeast Refining and Chemical Engineering Co., Ltd. to build the first megaton refinery. It started to operate in 2018.

The opening of Battambang Conch Cement Co., Ltd. in 2018, which is a joint venture between KT Pacific Group and Anhui Conch Cement Co., Ltd., is one of the six major cement plants in Cambodia. The continuous development of the construction industry has prompted the Cambodian Government to pay great attention to the demand of the cement industry and respond to the Chinese Government’s “Belt and Road Initiative.” The purpose is to implement an international development strategy to invest in the construction of large cement production enterprises in Cambodia.

Cambodia’s tremendous tourism opportunities have attracted Japan’s Aeon, Malaysia’s Parkson, the USA’s Starbucks, Burgerking, and Hard Rock Cafe, Malaysia’s investment in the NagaWorld Casino, investment from Taiwan’s Chatime, and other investments from well-known companies to compete securing a foothold in Phnom Penh.

Foreign insurance companies are optimistic about the development potential of Cambodian life insurance. Two companies, Thailand’s Dhipaya Insurance Company and Japan’s Dai-ichi Life Insurance Company, officially entered the Cambodian market in 2017 for the first time.

Cambodia imports a total amount of US$331 million of cars. With the steady growth of the economy, the demand for cars has continued to grow, thus attracting world-renowned carmakers to enter the Cambodian market. They include Audi, BMW, Ford, Chevrolet, etc.

China International Travel Service Group (CITS) is a strategic partner of Cambodia to develop and promote Cambodia’s tourism projects. Cambodia has a rich and diverse range of natural and cultural resources and has a unique advantage in the development of tourism. In addition to its abundant tourism resources, Cambodia has developed a sound tourism policy and strategic framework.