Prince Group Chairman Neak Oknha Chen Zhi Donates $1M to Help Laos Fight the Pandemic
- By Paid Content
- October 1, 2021 3:27 PM
PHNOM PENH--Neak Oknha Chen Zhi, Chairman of Prince Holding Group, one of Cambodia's largest and fastest-growing conglomerates, has donated US$1 million to the Laos government in response to the Cambodia authorities’ call to strengthen cooperation with Laos in fighting the pandemic.
When it comes to Cambodia, Chen Zhi is no stranger. He is the driving force behind the successful Cambodian Group of companies, namely Prince Holding Group, Prince Real Estate Group, Prince Bank, Prince Huan Yu, Belt Road Capital Management, and Cambodia Airways.
The Cambodian entrepreneur has also been recognized as Entrepreneur of the Year – Conglomerates, at the 2021 International Business Awards, being the only entrepreneur honored in a category that celebrates leaders running multi-industry businesses. In addition, he is one of the three Asian leaders who was recognized for dynamic entrepreneurialism in different sectors during one of the most challenging years in corporate leadership.
In an era when leading corporates are fulfilling their social responsibilities, Neak Oknha Chen Zhi, and his leadership team at Prince Group, have been working tirelessly to be a force for good in Cambodia, playing their part in supporting the Kingdom to overcome the pandemic.
About Prince Holding Group:
Prince Holding Group is one of the largest conglomerates in Cambodia, with its various units focusing on three core areas: real estate development, financial services and consumer services.
Prince Holding Group's key business units in Cambodia include Prince Real Estate Group, Prince Huan Yu Real Estate Group, Prince Bank, Cambodia Airways, Belt Road Capital Management, as well as Awesome Global Investment Group. Via its subsidiaries, Prince Holding Group has over 80 businesses in Cambodia operating in real estate development, banking, finance, aviation, tourism, logistics, technology, food and beverages, and lifestyle sectors etc.
Rising foreign direct investment, free trade agreements with leading countries and future participation in the Regional Comprehensive Economic Partnership are expected to act as key drivers for the Cambodian economy, supported by pro-industry policy initiatives by the government.
Leveraging a network of industrial, business and financial professionals across Asia, Prince Holding Group has laid the foundation to be a vital conduit for local and international capital. The Group is firmly committed to the long-term development of Cambodia. For example, Prince Holding Group is developing Ream City, an upcoming tourism and residential project that will be one of Cambodia's first sustainable real estate projects, aiming to secure $16 billion in total investment for the region. Located conveniently within a 10-minute drive from the Sihanoukville International Airport, the project aims to contribute to economic recovery in Sihanoukville.
Moving forward, Prince Holding Group will continue to seek out opportunities to play an important role in Cambodia, through partnerships or direct investments into key industries for the betterment of Cambodians and the local economy.
