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Foreign investors remain upbeat over Cambodia

Jose Rodriguez T. Senase / Khmer Times Share:
Foreign investors’ interest and confidence in Cambodia has not waned amid the COVID-19 pandemic. KT/Pann Rachana

Foreign investors’ interest and confidence on Cambodia has not waned amid a raging Coronavirus pandemic and a global economic slowdown.

Contrary to initial expectations, many foreign companies continue to explore and take advantage of the investment opportunities offered to them by one of the fastest-growing economies in Southeast Asia.

The list of foreign companies eager to set foot or do business in the Kingdom continues to grow bigger by the week. The last few weeks have been witness to such a phenomenon.

On Dec 11, Maserati, one of the most well-known luxury car brands, announced that it is entering the Cambodian market in partnership with HBG Group.

The Italian carmaker cited Cambodia’s potential as their main reason for coming here.

“We already have partners in Singapore, Malaysia, Thailand, Vietnam and Indonesia. Cambodia is a promising market for Maserati’s growth in Southeast Asia and we are delighted to have the HGB Group as a partner to consolidate our role as a luxury car brand,” Luca Delfino, Head of Maserati APAC, said.

A few days before the Maserati announcement, G Capital Bhd, a Malaysian investment company, announced that it had received licensing in principle from the National Bank of Cambodia, which brings it closer to establishing a fully-fledged commercial bank in the Kingdom.

G Capital Bhd said Cambodia’s financial health factored heavily in its decision to set up a bank here.

The Cambodian economy has grown by an average of 7 percent in the last five years.

While the Cambodian economy did not escape the effects of the pandemic, the World Bank, ASEAN+3 Macroeconomic Research Office and the Asian Development Bank forecast that it will continue to grow, albeit at a slower pace, in the next few years.

Other foreign investors that are pursuing their plans to invest in Cambodia include the CP Group of Thailand and Aeon, Japan’s largest mall developer and operator.

In addition to those factors, foreign investors are also comforted by the fact that Cambodia is “winning” in its fight against COVID-19.

Unlike many other countries, Cambodia has been successful so far in containing the dreaded virus. So far, the Kingdom recorded 359 cases with no fatalities.

Property investors or those businessmen looking for a good place to stay in Cambodia have an array of luxurious properties to choose from. One of them stands out from the rest: The Palms.

Located on the banks of the Mekong River along National Road 1, The Palms is beauty, convenience, green-living and luxury rolled into one.

Ringed by palm trees and lush greenery, the more than 200 cluster homes and villas of The Palms offer residents cool, serene and luxurious living amid the din and bustle of the city. It also offers a one-of-a-kind investment opportunity to would-be-buyers.

Developed by Oxley WorldBridge, The Palms features an array of amenities seldom seen in other properties. They include water playgrounds, a swimming pool, a barbecue area, an artificial beach and hydrotherapy pools.

Talking of convenience, malls, markets, banks/ATMs, fine-dining restaurants, embassies, transportation hubs, entertainment joints, sports clubs, government offices, tourist attractions and other conveniences are just a stone’s throw away from The Palms.

Everything you need can be found within minutes or just a few metres away from The Palms.

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