Sunwah Group sees investment potential in Cambodia

Sunwah Group sees investment potential in Cambodia

Hong Kong-based Sunwah Group, along with a group of leading investors, have evinced interest to invest in a range of areas including financial technology to smart city development and property and energy to tourism in Cambodia.

Sunwah Group Chairman Jonathan K.S. Choi made these remarks during a meeting with Prime Minister Hun Manet on Monday at the Peace Palace in Phnom Penh.

Over 70 investment companies with businesses in various fields such as fintech, real estate, energy and tourism constituted the delegation.

Outlining the purpose of the visit, Choi said, “The purpose of this visit is to assess the potential of the country in a number of areas including the development of the Green Special Economic Zone, investment in the construction of commercial buildings and condominiums, investment in tourism, installation of electric vehicle charging station (EV Charging Station) and construction of 5G telecommunication network.”

Prime Minister Hun Manet expressed his appreciation to the delegation and colleagues for their interest in investment in Cambodia.

“I would like to welcome and express my gratitude to the company’s investment plan in Cambodia,” the Premier observed.

To ensure a competitive and business environment, the Cambodian government continues to focus on ensuring peace, political stability and social order to provide investor confidence, he said.

Regarding the proposed investment potential by the Sunwah Group, the premier asked the firm to work closely with relevant ministries and institutions to process the legal procedures and requirements.

The company’s history dates back to 1957 when Sunwah was established in Hong Kong with the launch of a Macau seafood processing company.

The group currently focuses on the core sectors of seafood and foodstuffs, real estate, financial services, technology, infrastructure, media, education and training, green technology and healthcare in China (including Macau, Hong Kong), Japan, Canada, Vietnam and Cambodia.

Sunwah Group’s investment in Cambodia dates back to 1994 in a seafood processing plant for export to foreign markets. khmertimeskh

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