Li Min, a well-regarded expert with more than 20 years of experience in the real estate industry, said the strengthening of China and Cambodia’s diplomatic and economic relations and the impact the One Belt, One Road Policy will have on the kingdom were all positive signs for Cambodia.
Mr Li said: “China and Cambodia have a long history of friendship. According to statistics, the friendship has a history of more than 1,000 years.”
Mr Li believes that with Cambodia’s support after President Xi Jinping proposed the One Belt, One Road Policy in 2013, the friendship between the two nations has reached an all-time high.
Mr Li added that he believes that with the One Belt, One Road Policy, China’s political, economic and cultural ties with the kingdom have become closer, which will have a positive diplomatic and economic effect on Cambodia in the years to come.
This year will see an increase in the positive relations between the two nations as there will be many domestic and international events happening in Cambodia, he said. This year also marks the 60th anniversary of diplomatic relations between the two countries.
Mr Li is the CEO of Prince Real Estate Group (Cambodia), a large-scale enterprise that has brought experience, technology, talent and capital from China’s real estate sector over the past 20 years to Cambodia.
The developers have made a proactive effort since being established in the kingdom in 2015 to understand the demands of the local market and have adapted their projects accordingly, integrating affordability into their host of successful projects.
In terms of Cambodia’s economic development as a whole, Mr Li said: “Cambodia has shown a swift and overwhelming level of growth from the year 2000.”
With the introduction of the 2010 Law on Providing Foreigners with Ownership Rights in Private Units in Co-owned Buildings – which was the first move to giving foreigners any ownership rights in the kingdom, Mr Li. believes this law had been a very positive move.