Royal Cambodian Limousine Group, a subsidiary of The Royal Group, has purchased 452 new vehicles in preparation for the 13th Asia-Europe Meeting (ASEM) from Nov 16 to 17, in the Kingdom this year.
Jacob Montross, managing director of the Royal Cambodian Limousine Group, stated that this new purchase would bring the total number of vehicles in the fleet to more than 700, making it the largest luxury transportation provider in Cambodia.
The purchase comprises BMWs, Toyotas and Hyundai vehicles imported from both the US and Germany. The fleet now also includes 55 BMW 7 Series vehicles, a model considered to be the gold standard for chauffeur-driven transportation services for visiting foreign delegates.
“We have spent more than $30 million on this latest purchase, bringing the overall investment in our fleet to now over $40 million,” Montross explained to Khmer Times at the company’s head office in Sen Sok, Phnom Penh.
“With this new purchase our fleet as grown so much that we are even having to build new covering to protect the vehicles from the sun,” he added.
However, the new vehicles will not just be used for the 13th ASEM they will also be used for 5-star hotels, foreign embassies, corporations, luxury tour operators and a series of smaller summits that will be held throughout the year.
“Our new vehicles will not just be used for the November event. They have already been confirmed for the ASEM Senior Officials’ retreat from March 5 to 6 in Siem Reap. So this will be a great opportunity to showcase our new fleet and kick-start the year of the 13th ASEM in Cambodia,” Montross remarked.
According to Montross, once the yearly summit has finished, the group plans to reduce its fleet through private sales of selected vehicles.
“We have been able to obtain a year of import incentives from the Ministry of Economy and Finance on all our new vehicles, allowing us so to fill the required order for the summit.
“However, once this year period expiries we will be looking to reduce the size of our overall fleet through private sales in the market, with our market destinations most likely being Phnom Penh and Sihanoukville” he said.
In total, the purchase comprises of 55 BMW 5 Series, 55 BMW 7 Series, 110 Toyota Alphards, 110 Toyota 4Runners, 55 Toyota Camrys, 55 Hyundai H350s and 12 Hyundai Counts, all with a black exterior. They will be delivered by the end of February.