Cambodia Investment Review
In a landmark development poised to transform Cambodia’s business landscape, Royal Group and Chip Mong have signed a Memorandum of Understanding (MOU) aimed at driving mutual growth, economic growth, and enhancing national prosperity.
The signing ceremony was presided over by Lauk Neak Oknha PHEAP Heak, Founder of Chip Mong, Lauk Neak Okhna Leang Khun and Neak Oknha LEANG Meng, Co-Founder of Chip Mong, Neak Oknha Kith Meng, Chairman of Royal Group, as well as Board Members and Top Management of Chip Mong and Royal Group at Hyatt Regency Phnom Penh on 7th April 2025.
“This partnership is not just an agreement between two leading conglomerates; it is a bold initiative that will shape the future of Cambodia,” stated Lauk Neak Okhna Leang Khun. He added that “As a Khmer proverb says, a bundle of sticks can never be broken. In order to create a solid foundation for the economic and social growth of Cambodia, our nation truly needs the cooperation of Cambodian corporations. We should strengthen our spirit to work together with genuine desire and pool our strengths into a single force.”
By leveraging their combined strengths, expertise, and shared vision, Royal Group and Chip Mong are laying a strong foundation for collaborative efforts that will significantly impact key business sectors, including Banking, Energy, Construction & Real Estate, Hospitality, Communications, Food & Beverages, and Education.
The MOU highlights key objectives, including:
- Promoting Business Synergy: Leveraging each organization’s expertise and to enhance mutual growth and national economic development.
- Boosting Investments in infrastructure: Fostering joint ventures in key sectors to support sustainable economic development.
- Creating Employment Opportunities: Contributing to the development of skills and job creation.
The signing of this MOU underscores the unwavering commitment of Royal Group and Chip Mong to innovation, excellence, and the sustainable development of Cambodia. Both organizations have a distinguished history of investing in the country’s growth, and this partnership marks a significant advancement in their collaborative efforts.
This collaborative initiative aligns with Cambodia’s ambitions to transition to an upper-middle-income country by 2030 and a high-income country by 2050, as outlined in the 7th Mandate of the Royal Government, led by Samdech Moha Borvor Thipadei Hun Manet, Prime Minister of Cambodia.
Neak Oknha Kith Meng, Chairman of Royal Group, remarked, “As we embark on this transformative journey, we remain focused on our mission to drive progress, create opportunities, and contribute to Cambodia’s continued success.”
