Logo of Phnom Penh Post newspaper Phnom Penh Post - Makro breaks ground on capital’s first wholesale retail warehouse

Makro breaks ground on capital’s first wholesale retail warehouse

An exterior view of the construction site of Makro’s wholesale retail warehouse in Phnom Penh. Photo supplied
An exterior view of the construction site of Makro’s wholesale retail warehouse in Phnom Penh. Photo supplied

Makro breaks ground on capital’s first wholesale retail warehouse

Makro Cambodia, the local arm of international cash-and-carry wholesaler Makro, held a groundbreaking ceremony yesterday for construction of its first outlet in the Kingdom, which is expected to launch operations in December.

The 10,000-square-metre wholesale retail warehouse will be built on a 5-hectare plot in Pong Peay City, a residential and retail project under development in the capital’s Sen Sok district.

Makro Cambodia is a joint venture between Thailand-listed company Siam Makro and LYP Group, a conglomerate owned by Cambodian tycoon and ruling party senator that is also the developer of Pong Peay City.

Suchada Ithuarukul, the chief executive of Siam Makro, said during the groundbreaking ceremony that the stable growth of Cambodia’s economy and the continuous expansion of Phnom Penh were providing a huge opportunity for Makro’s warehouse club model. She said the outlet’s customers would include small retailers, food and service providers, hotel and restaurants.

“We set a wide range of quality products and supplies so that our members customers, like small retailers and food services providers, can operate at a good margin and will allow them to manage cash flow effectively for sustainable growth,” she said.

Suchada added that Makro Cambodia was committed to collaborating with local farmers and suppliers to develop high quality, safe and clean products for its customers.

Neither representatives of Siam Makro nor LYP Group were willing to disclose details on the joint venture’s investment capital.

According to a filing by Siam Makro to the Stock Exchange of Thailand in September, the joint venture is 70 percent owned by Makro ROH Co Ltd, a wholly owned subsidiary Siam Makro, and 30 percent by Cambodian investors, with $2 million in initial registered capital.


  • First Khmer woman to pass out of West Point

    The life of a soldier certainly isn’t for everyone. The training is gruelling, the hours long and there’s no room for excuses. On top of that, soldiers must be ready to respond to sudden threats at a moment’s notice. Just ask Sithyka

  • Tourists urged not to skip trip

    The Ministry of Tourism has called on international tourists not to cancel trips to Cambodia, but urged them to adhere to several dos and don’ts when arriving in the Kingdom during the Covid-19 pandemic. The ministry released an eight-point instruction manual on Wednesday published

  • The taxman cometh – Cambodia’s capital gains tax casts the net on individual taxpayers

    In a country where only limited personal income tax existed, the new taxation law beginning January 1, 2021, will make taxpayers out of Cambodians, whether they are ready for it or not About two years ago, a little known amendment was made to Article 7 of the Law

  • Cambodian-American gets Star Trek treatment

    Kevin Ung, a Cambodian-American whose family escaped genocide during the Khmer Rouge’s reign of terror, was recently selected from thousands of applicants to participate in the Television Academy Foundation’s inaugural 2020 Star Trek Command Training Programme, a course intended to give hands-on filmmaking experience

  • Cambodia seeks to be transport hub

    Cambodia is working on several fronts to modernise its transport infrastructure and services, concentrating on opening new international gates to relieve and balance traffic congestion at its borders, Minister of Public Works and Transport Sun Chanthol said on Thursday. This is part of the Kingdom’

  • Deminers unearth ancient lion statue

    Cambodia Mine Action Centre (CMAC) director-general Heng Ratana told The Post on Tuesday that a statue of a lion was found by mine clearance experts while they were digging for a development project. It was sent to the Ministry of Culture and Fine Arts last