Global workplace provider Regus yesterday announced the opening of its second business centre in Phnom Penh.
Cambodia’s startup sector has seen a growth spurt in the past few years, largely due to various business initiatives connecting Cambodian entrepreneurs with foreign investors.
Building upon the foundation of strong economic growth and political stability, Cambodia has steadily enabled a more conducive business environment for investment and business.
Lars Wittig, country manager for Regus Cambodia, said the country has become a formidable business environment with significant investment in infrastructure and services. The economy is expected to maintain its notable growth for several years.
“With micro business and entrepreneurs accounting for the majority of businesses, and millennials constituting around 40 percent of Cambodian population, it is an ideally positioned market for Regus,” he said.
“With one of the youngest workforces in the Indochina region and a dynamic entrepreneurial network, we see the growing potential for unique and flexible workspace solutions. Regus is excited to be a part of this vibrant growth and expanding our operations in Phnom Penh is just the first step.”
In response to this growth, the company has opened a second business centre at CASA by Meridian on Diamond Island, to bring Regus’ network to the country. Local and international enterprises, companies and business professionals can now benefit from Regus’ flexible workspaces in two key locations in Phnom Penh, the first being at the Canadia Bank Tower.
Diamond Island is quickly becoming an alternative to the more established CBD area of Phnom Penh city, and is home to multiple embassies, commercial schemes, hotels and retail developments. The new centre offers 191 workstations, as well as a range of flexible working options for businesses and professionals. These include a co-working space, virtual office services and meeting rooms which are bookable by the hour.
“As a developing economy, Cambodian enterprises, especially start-ups, are challenged by the
lack of capital and main business networks. By providing opportunities for modern, dynamic businesses to work where they want and when they want, Regus helps entrepreneurs establish links with the larger local and global business community,” Mr Wittig said.
Ham Kimhoun, the training director of Wecreate Cambodia, said: “Although this is a new trend, co-working spaces are the office for everyone who works long-distance, including individuals and small groups of people. “Co-working office spaces offer a special and flexible environment, because they usually include training offers, networking, referrals and a venue for open discussions,” he said.
Co-working spaces in Cambodia are offering a good opportunity for locals to meet people from different fields, allowing them to learn and exchange different business ideas, he added.
“Whether you are a multi-national or a start-up, more than ever before you need flexibility, agility and the right location to succeed. Now firms in Cambodia enjoy the benefits of being part of our international network, accessing our 3,000 locations globally,” he said.
Regus is the world’s largest provider of flexible workspace solutions, with a network of 3,000 locations in over 1,000 towns and cities, across more than 100 countries, serving 2.3 million members.