Overseas Cambodian Investment Corporation, a family-owned conglomerate with a diverse business portfolio from retail to property, is looking for Southeast Asian partners now that some Chinese investors in Cambodia are packing up and going home.
“What we appreciate in Southeast Asian conglomerates, or groups, is that there is this long-term thinking,” OCIC Vice President Thierry Tea told Nikkei Asia during an interview. “Whether it’s Malaysia, Singapore, Indonesia, Philippines, Thailand — and so we can build together to create value and create growth.”
In the Chroy Changvar district of Phnom Penh, OCIC and Thailand’s Big C are developing a retail project on 27,000 square meters of land. With an investment of $15 million, the partners plan to open a Big C superstore by 2026.
