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.

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