Thai CENTRAL GROUP to build shopping mall in Phnom Penh

[geovalin]

Thailand’s largest retailer is set to invest in a large shopping mall in Phnom Penh, Bangkok’s ambassador to Cambodia has revealed. Nuttavudh Photisaro, Thailand’s ambassador to Cambodia, said last week that the Central Group, the largest Thai-based retailing company, will soon come to Cambodia and invest in the construction of a large mall.

He said company’s representatives had already studied their proposed site. However, the location of the new mall has not been revealed and building work has not started. Mr. Nuttavudh said he was proud of his diplomatic mission in Cambodia and added that he had helped mobilize many Thai investors to invest in the kingdom.  “By investing in a large shopping mall, they hope that the trade volume between the two countries will increase,” he said.

The Central Group has many major businesses in Thailand such as large shopping malls, the BigC Malls, the Pattaya Center and Robinson Center and the Plaza Center Hotel. The family-owned business also has the controlling stake in the “Bangkok Post”, Thailand’s largest and oldest English-language newspaper. The company earned profits of $10 billion last year, up 13 percent compared with 2015.

 

read more http://www.khmertimeskh.com/news/36488/thai-conglomerate-to-build-mall-in-phnom-penh-shopping-mall-in-phnom-penh/

 

-- © Copyright Khmer Times 16/03

[Grubster]

They do make some nice malls.