Cambodia Investment Review
A major healthcare investment milestone was announced today, as a consortium of Cambodia’s most prominent business groups unveiled plans to jointly develop a US$300 million general and specialist hospital in central Phnom Penh. The project marks a significant step toward improving the country’s healthcare infrastructure and reducing medical tourism abroad.
The initiative follows the recent signing of a Memorandum of Understanding between Royal Group and Chip Mong on April 7, 2025, and introduces six additional shareholders. Together, these eight major business families and entities have formed a landmark joint venture aimed at creating a premier medical facility for Cambodia.
A Unified Investment in Health Infrastructure
The shareholder breakdown for the Cambodian Hospital Project is as follows:
- Royal Group, led by Neak Oknha Kith Meng – 23%
- Chip Mong Group, represented by Lok Neak Oknha Leang Khun and Neak Oknha Leang Meng – 23%
- Peng Huoth Group, with Neak Oknha Thay Chea Huoth and Oknha Hieng Bunpeng – 23%
- WorldBridge Group, chaired by Neak Oknha Sear Rithy – 10%
- Mekong Land Development Co., Ltd, led by Neak Oknha Cheam Khunnath – 6%
- Borey Phnom Penh Thmey Co., Ltd, chaired by Neak Oknha Bun Hay – 5%
- Borey Angkor Palace Co., Ltd, chaired by Neak Oknha Ly Hong – 5%
- TSNR Distribution Co., Ltd, represented by Oknha Thai Seang – 5%
Collectively, the group aims to bring high-quality, internationally benchmarked healthcare to Cambodian citizens, addressing long-standing gaps in local services and offering an alternative to costly overseas treatments.
Medical Services and Long-Term Vision
With construction scheduled to begin in 2026, the new facility will offer a wide range of medical services including general medicine, surgery, cardiology, oncology, women’s health, pediatrics, and orthopedics. The hospital will be built to international standards and equipped with advanced medical technology, with operations supported by a team of locally trained and internationally certified medical professionals.
A central part of the initiative is the commitment to capacity building. Training programs, partnerships with international institutions, and long-term professional development for Cambodian doctors and nurses will ensure a sustainable improvement in healthcare services.
Neak Oknha Kith Meng, Chairman of Royal Group, emphasized the symbolic importance of the project, describing it as a “vote of confidence in Cambodia’s future.” He stated, “This hospital represents more than bricks and mortar. It’s a symbol of confidence in Cambodia’s future — a future where high-quality healthcare is accessible right here at home.”
Boosting Local Investment and National Development
Beyond its healthcare mission, the hospital project stands as one of the most significant private investments in Cambodia’s social sector to date. At an estimated US$300 million, it not only signals growing investor confidence in Cambodia’s long-term economic and political stability, but also sets a precedent for future collaborations between top-tier local enterprises in addressing national development challenges.
The joint venture aligns with the government’s wider ambitions under the Pentagonal Strategy, which includes improvements in public health, education, and infrastructure as part of the country’s transition to an upper-middle-income economy.
Once operational, the hospital is expected to attract both domestic and regional patients, while offering employment to hundreds of healthcare professionals, administrators, and support staff.
As Cambodia continues to modernize its economy and urbanize its population centers, initiatives such as this are playing a critical role in reshaping the country’s social infrastructure. The Cambodian Hospital Project may well become a benchmark for future public-private collaborations in vital service sectors.
