Logo of Phnom Penh Post newspaper Phnom Penh Post - Kingdom’s largest wholesale outlet to kick off end of 2017



Kingdom’s largest wholesale outlet to kick off end of 2017

Content image - Phnom Penh Post
Makro has sectioned off the site for its supermarket ahead of construction. Photo supplied

Kingdom’s largest wholesale outlet to kick off end of 2017

Earlier this month, Makro, a well-known wholesale supermart based in Bangkok, Thailand, began putting up signs on the zinc walls surrounding its sales office in Phnom Penh’s Sen Sok district, advertising its imminent opening at the end of the year.

Sam Oeun, the resident engineer at the construction site, said the local team was hired by the Thai management to oversee the construction of the large-scale warehouse outlet.

“Based on the architecture of the supermarket, the entire structure will be made out of metal. It will be huge and sprawling, but it won’t be tall,” he told Post Property.

“Once completed, the building will only stand two storeys high,” Oeun said, adding that the slated completion schedule for the supermarket would be in November.

This marks Thailand wholesale retail conglomerate Siam-Makro’s debut outlet in Cambodia, after it entered into a $2 million joint venture last September with prominent businessman and ruling party senator Ly Yong Phat’s LYP Group. Investing 70 percent of the total venture, LYP Group holds the remaining 30 percent, according to online publication Cambonomist.

It sits on a 5-hectare plot, with the actual building measuring 128 by 102 metres. The remaining land will be dedicated to parking lots. Makro is set to become the biggest warehouse and wholesale market in the Kingdom, and will not rent stalls within the vicinity to outside parties.

Niradey, project salesperson of Makro, explained, “It will become the biggest wholesale supermarket with genuine and high quality products that are cheaper than any other in Cambodia.”

She added that the company would be importing most of its products from Thailand to be sold at wholesale price at the supermarket.

Nevertheless, there would also be an equal distribution of Cambodian goods.

However, products are not limited to only food items as the wholesale outlet will also carry non-food goods which will all be sold at low-cost bulk prices.

MOST VIEWED

  • ‘Education’ a priority traffic-law penalty

    A top National Police official on June 21 neither rejected nor confirmed the authenticity of a leaked audio message, which has gone viral on social media, on a waiver of fines for a number of road traffic-related offences. General Him Yan, deputy National Police chief in

  • Siem Reap’s $18M zoo said to educate public, help wildlife

    Angkor Wildlife and Aquarium Co Ltd has invested $18 million in a zoo in Siem Reap province, which will be opened in October to educate and promote animal conservation as well as attract national and international tourists. Currently, the Angkor Wildlife and Aquarium is building the

  • Volunteer scheme to foster ‘virtuous’ humanitarian spirit

    A senior education official said volunteer work contributes to solidarity and promotes a virtuous humanitarian spirit among the youth and communities. Serei Chumneas, undersecretary of state at the Ministry of Education, Youth and Sport, made the comment during the opening of a training programme called “

  • Chinese firms unveil preliminary results on metro, monorail for capital

    Minister of Public Works and Transport Sun Chanthol and representatives from China Road and Bridge Corp (CRBC) and its parent company, the state-owned China Communications Construction Co Ltd (CCCC), met on June 24 for talks on results of the firms’ preliminary study on a potential metro

  • Nestle’s debut may spur dairy market

    Leading confectionery manufacturer Nestle plans to invest in Cambodia by setting up an operation in the near future, a move majorly hailed by local dairy farmers as a means of boosting the fresh milk market in the Kingdom. During a visit by a delegation led

  • ACLEDA, WU to enable global money transfers

    Cambodia's largest commercial bank by total assets ACLEDA Bank Plc and global money transfer firm Western Union (WU) have partnered to offer customers cross-border money transfers to 200 countries via “ACLEDA mobile” app. In Channy, president and group managing director of ACLEDA, said the June 22 agreement