Big C, a grocery and general merchandising retailer headquartered in Bangkok, will invest $6.8 million to build a store in Banteay Meanchey’s Poipet city, in the border with Thailand.
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The ‘supercentre’, approved by the Council for Development of Cambodia (CDC) on Feb 20, will be located in Spean I village and, according to the company, will create more than 1,200 jobs.
Oum Reatrey, deputy governor of Banteay Meanchey province, told Khmer Times he did not have prior knowledge of the project but said it will help promote trade between the two countries.
In October, the government also greenlighted the construction of an airport in Poipet city to tackle the rising number of tourists to the country. The project is expected to cost from $40 to $50 million and it will occupy 100 hectares.
Cambodian and Thai leaders have pledged to reach $15 billion in bilateral trade by 2020. During the first nine months of last year, trade exchanges between the two countries were worth $7 billion, exceeding figures for the entire year of 2017.