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Thailand’s Central Group set to build mall in Cambodia

By Mei Ling Tan
1 min read
Thailand’s Central Group set to build mall in Cambodia
Thailand’s Central Group set to build mall in Cambodia

Thai ambassador to Cambodia Nuttavudh Photisaro says Central representatives have already studied the proposed site, not yet revealed publicly.

“By investing in a shopping mall, they hope the trade volume between the two countries will increase,” says Nuttavudh.

CBRE Cambodia associate director Ann Sothida says shopping malls still have a chance to grow in Cambodia because the market has increased purchasing power and has only a limited number of shopping malls of international standard.

Trade between Thailand and Cambodia eased by 6 per cent last year to US$5.6 billion. Cambodian exports to Thailand amounted to $936 million, while the country’s imports from Thailand amounted to $4.7 billion.

Phnom Penh’s shopping centres comprise Aeon Mall, which is building a second outlet in the city, City Mall, Parkson and Soriya Mall.

Thailand’s Central Group set to build mall in Cambodia

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