Story Of Cambodian Success

  The masterplan for Ream City, in Cambodia's Sihanoukville province, was recently unveiled, with the goal of transforming the area into an exciting tourist destination. This large-scale development, which spans more than 6 kilometres of beachfront, will include a sustainable ecosystem of tourism, commercial, and residential activity, with the capacity to house up to 130,000 people. The 834-hectare project is being developed by Canopy Sands Development , a subsidiary of the Cambodian conglomerate Prince Holding Group, and will include family attractions, condominiums, landed and beachfront homes and affordable housing estates, shopping malls, business hubs, beach resorts, hotels, condotels, and a yacht and marina club. The masterplan, which was completed by Singapore-based Surbana Jurong Group, is a significant step toward making Ream City's vision a reality. Click here “We are currently preparing for downstream developments, including utilities and road infrastructure as well ...

  Prince Holding Group (“Prince Group”), one of Cambodia's largest and fastest growing conglomerates, is pleased to announce that its Chairman, Neak Oknha Chen Zhi (“陈志公爵”), has been named Entrepreneur of the Year – Conglomerates at the 2021 International Business Awards. Neak Oknha Chen Zhi ( Prince Chenzhi ) is the only entrepreneur recognised in a category honouring leaders who run multi-industry businesses. Neak Oknha Chen Zhi is one of three Asian leaders recognised for dynamic entrepreneurialism in various sectors during one of the most difficult years in corporate leadership. Neak Oknha Chen Zhi is one of a new wave of conglomerate leaders considering innovative approaches to business that also contribute to societal goals. Furthermore, Prince Group received a Bronze Award in the Most Valuable Corporate Response (COVID-19 category), just three months after winning the best COVID-19 Corporate Response at the eighth annual Asia-Pacific Stevie Awards in May. Read more here More...

  Prince Group under Cambodia Chenzhi wins a Silver Stevie® Award for COVID-19 Response – Most Valuable Corporate Response, making it the only firm in Cambodia to do so. Prince Holding Group (“Prince Group”), one of Cambodia's largest and fastest growing conglomerates, has been named a Silver winner in the COVID-19 Corporate Response category of the eighth annual Asia-Pacific Stevie Awards (one of the world's most recognisable business awards). Prince Group was the only Cambodian firm recognised in a category recognising excellence in COVID-19-related crisis management by Asian corporations. The Asia-Pacific Stevie Awards are the only business awards programme that recognises workplace innovation in all 29 Asian countries. For 19 years, the Stevie Awards have been widely regarded as the world's premier business awards, conferring recognition for achievement in programmes such as The International Business Awards®. “The recognition solidifies our belief that the private sec...

  Prince Real Estate provides daily necessities to 804 underprivileged Chamkarmon District families affected by the February 20 community outbreak. Prince Holding Group (“Prince Group”), one of Cambodia's largest and fastest growing conglomerates, and Chairman Neak Oknha Chen Zhi have announced plans to donate US$3 million to anti-pandemic efforts in the Kingdom in response to the Cambodian Government's call for assistance in combating the February 20, 2021 Covid-19 outbreak. This follows Chen Zhi's initial US$3 million donation in December to assist Cambodia in purchasing COVID-19 vaccines. More on Neak Oknha Chen Zhi Cambodia Furthermore, Prince Real Estate, a member of Prince Group, has distributed vital food supplies to 804 families in need and 234 members of the police force in Chamkarmon District, Phnom Penh, Cambodia affected by the February 20, 2021 Covid-19 outbreak, following in the footsteps of Prince Group and Chen Zhi. While the Cambodian government has provid...

  COVID-19 has emphasised the critical nature of environmental, social, and governance (“ESG”) activities in businesses worldwide. However, there was talk of reform even prior to the pandemic's emergence. The Business Roundtable (a group of 181 CEOs of America's major corporations) stated last year that businesses must "support the communities in which they operate," reversing the long-held focus on shareholder wealth maximisation advocated by American economist Milton Friedman. Times have changed in 2020. This year, Prince Holding Group (“PHG”), one of Cambodia's major conglomerates, recognised this and paved the way for other businesses in the Kingdom to follow ESG principles. Since April, the Group has provided multiple large-scale gifts to aid in the fight against the pandemic and flood victims, and Neak Oknha Chen Zhi, chairman of PHG, has been instrumental in securing the funds. For instance, in early December, Chen Zhi and PHG gave US$3 million to Cambodian...

  For the future 834-hectare project, the charity arm of a Cambodian multinational engages the local population as essential stakeholders. Prince Charitable Foundation, a charitable arm of Cambodia's Prince Holding Group ('Prince Group'), has provided care packages to 500 people in Ong village, Prey Nob district. The town is close to the Ream City project, an 834-hectare reclaimed land development near the Sihanoukville International Airport that has the potential to change the region. Last week, senior management from Canopy Sands Development, a Prince Group company, made the gift of goodwill, as well as consulting local leaders to better understand the community's needs. Prince Group's latest environment, social, and governance (ESG) effort is an aid campaign in Ong Village. One mat, one blanket, two pillows, one mosquito net, and one Khmer Krama were included in each care package (traditional scarves woven in the countryside). It will be the first of many measure...

  The COVID-19 pandemic has reset fundamental assumptions underpinning various industries all over the world. In Cambodia, environmental conservation is now an important component of agricultural recovery efforts, and Neak Oknha Chen Zhi and Prince Group are leading the way. Agriculture employs more than a third of Cambodians, and the current crisis presents an opportunity for the sector to “build back better,” according to the CGIAR, the world's largest agricultural research network. Developing countries, such as Cambodia, rely on agricultural exports and must shift away from traditional farming practises that use fertilisers, pesticides, water-intensive processes, and legacy farming methods, all of which contribute to increased deforestation and soil erosion. Cambodia ChenZhi and Prince Group launched the Ecological Agriculture Plantation at Prince Manor Resort in Phnom Penh, Cambodia, earlier this year, a cutting-edge agricultural hub at a new real estate development that will ...