PHNOM PENH, CAMBODIA – Media OutReach – 16 June 2023 – Prince Holding Group (Prince Group), a leading business group in Cambodia, recently welcomed delegates from the Singapore Business Investment Forum (SBIF) to explore potential opportunities and strengthen business ties.
“Prince Group proudly employs more than 30 Singaporeans, including myself,” said Gabriel Tan, Chief Communications Officer at Prince Group. “We are thrilled to host this exclusive meeting with esteemed Singaporean executives in Cambodia. At Prince Group, we deeply appreciate our international partnerships and joint endeavors. Looking ahead, we aspire to deepen our relationship with SBIF and seek out mutually advantageous collaborations.”
The visiting delegation from SBIF included Albert Tan, President of SBIF, Deputy Chairman of TAFTAC, and past President of Singapore Club Cambodia (SCC); Ng Chor Yee, founder of LSH Cambodia and past President of SCC; David Sim, Project Director at Masswork and past President of SCC; Michael Kwek, Co-Founder and CEO of Deam Cambodia and past Vice President of SCC; and Zechariah Chai, General Manager of Singapore Airlines (Cambodia).
“SBIF is eager to gain a comprehensive understanding of Prince Group’s operations and its array of projects. This event serves as an ideal platform for networking, exchanging ideas, and pinpointing potential areas for collaboration. We acknowledge the value of partnerships and synergies and aim to reinforce our association with Prince Group. We anticipate our collective efforts will yield strategic business opportunities with Singaporean businesses and investors,” commented Albert Tan.
SBIF represents the interests and aspirations of Singaporean businesses and investors in Cambodia, both current and potential ones. It also highlights the contributions and influence of Singaporean professionals and companies in the Kingdom.
The General Department of Customs and Excise (GDCE) of Cambodia recently reported a dramatic increase in exports to Singapore, amounting to 345.7% year-on-year in the initial four months of 2023. This surge reaches nearly $224 million, a significant leap from $50.224 million during the same period in the preceding year, comprising of precious stones, agricultural products, electronic and electrical equipment as well as garment and footwear.
In this period, Singapore emerged as Cambodia’s sixth-largest trading partner, accounting for 3.17% of the Kingdom’s total international trade.
During their visit, the SIBF delegates toured Prince Group’s headquarters, acquiring insights into its operations in the Kingdom, which encompass the commercial activities of Prince Real Estate Group and the CSR initiatives of Prince Foundation. The visit concluded with a discussion on potential business and partnership opportunities over a networking dinner.
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Prince Holding Group
Prince Holding Group is one of Cambodia’s largest business groups spanning real estate development, financial services, and consumer services.
Prince Holding Group’s key business units in Cambodia include Prince Real Estate Group, Prince Huan Yu Real Estate Group, Prince Bank, Cambodia Airways, Belt Road Capital Management, as well as Awesome Global Investment Group. Via its subsidiaries, Prince Holding Group has over 100 businesses in Cambodia operating in real estate development, banking, finance, aviation, tourism, logistics, technology, food and beverages, lifestyle sectors, etc.
Leveraging a network of industrial, business, and financial professionals across Asia, Prince Holding Group is firmly committed to the long-term development of Cambodia.
Moving forward, Prince Holding Group will continue to seek out opportunities to play an important role in Cambodia, through partnerships or direct investments into key industries for the betterment of Cambodians and the local economy.