Logo of Phnom Penh Post newspaper Phnom Penh Post - OCIC builds shops on diamond island

OCIC builds shops on diamond island

OCIC builds shops on diamond island

OVERSEAS Cambodia Investment Cooperation (OCIC) is set to complete building more than 100 shops in the Diamond Island project in the next month, according to Prak Chan Long, general manager of Diamond Island Convention Exhibition Centre. He said he did not know how much it cost to build. “We’ve built the shops for rent, not for sale, and will charge about US$500 per month. We’ve rented out most of the shops already,” he said. The Diamond Island Convention Exhibition Centre is part of a larger $200 million development being built by OCIC, which has the same owners as Canadia Bank. It is slated for completion in 2016, and is expected to occupy 75 hectares, according to government approval in 2006. The island, called Koh Pich in Khmer, is in Phnom Penh.

MOST VIEWED

  • Seven positive for Covid-19, Hun Sen confirms local transmission

    Prime Minister Hun Sen announced that there has been local community transmission of Covid-19. However, he urged the people not to panic even though the Ministry of Health announced the discovery of seven new cases on Sunday. Among the victims are Chhem Savuth, the director-general

  • Cambodia at ‘most critical moment’, Hun Sen warns

    Prime Minister Hun Sen said the first community transmission of Covid-19 in Cambodia has led the country to the “most critical moment” that warranted urgent, large-scale operations to contain the pandemic. Hun Sen, who confirmed the first local transmission on November 28, said the source of

  • PM confirms community transmission, calls for unity

    Prime Minister Hun Sen has called on the public to stay calm, unite and follow the Ministry of Health guidelines after the wife of a senior official tested positive for Covid-19 in the Kingdom’s first case of community transmission. The case has drawn criticism

  • Over 110 garment factories close

    A government official said on November 22 that at least 110 garment factories had closed in the first nine months of the year and left more than 55,000 workers without jobs – but union leaders worry those numbers could be much higher. Ministry of Labour and Vocational Training undersecretary

  • Singapore group seeks $14M in damages from PPSP over ‘breach of contract’

    Singapore-based Asiatic Group (Holdings) Ltd is seeking a minimum of $14.4 million relief from Cambodia Securities Exchange (CSX)-listed Phnom Penh Special Economic Zone Plc (PPSP) for allegedly breaching a power plant joint venture (JV) agreement. Asiatic Group’s wholly-owned Colben System Pte Ltd and 95 per

  • PM vows to protect Hun family

    Prime Minister Hun Sen has vowed to continue his fight against opposition politicians who he said intend to smash the Hun family. Without naming the politicians but apparently referring to former leaders of the Supreme Court-dissolved Cambodia National Rescue Party (CNRP), Hun Sen said there