Thailand’s Central Group set to build mall in Cambodia
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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.
Questions & Answers
Q.Which company is planning to build a new shopping mall in Cambodia?
Which company is planning to build a new shopping mall in Cambodia?
Thailand's Central Group is the company set to build a new shopping mall. Their representatives have already surveyed the proposed site, though its exact location has not been publicly disclosed.
Q.Why does CBRE Cambodia believe there is potential for new shopping malls in the country?
Why does CBRE Cambodia believe there is potential for new shopping malls in the country?
CBRE Cambodia's associate director states that Cambodia's market has increased purchasing power. Also, there are currently only a limited number of international standard shopping malls available, suggesting room for growth.
Q.What was the total trade volume between Thailand and Cambodia last year?
What was the total trade volume between Thailand and Cambodia last year?
Last year, the total trade volume between Thailand and Cambodia was US$5.6 billion. This figure represents a 6 per cent decrease compared to the previous year's trade figures.
Q.What are some of the existing shopping centres in Phnom Penh?
What are some of the existing shopping centres in Phnom Penh?
Phnom Penh currently has several shopping centres. These include Aeon Mall, which is expanding with a second outlet, as well as City Mall, Parkson, and Soriya Mall.