Building Cambodia’s Future
OCIC’s Stellar Year of Award Wins, Strategic Partnerships, and Visionary Projects Overseas Cambodian Investment Corporation (OCIC), Cambodia’s leading diversified property development and infrastructure conglomerate, has had an enriching 2023, packed with strategic partnerships and groundbreaking developments across the year. From winning prestigious awards to forging key collaborations, OCIC has set the stage for continued success in 2024. Strategic Partnerships This year, OCIC Group forged partnerships with international brands such as Singapore Airline Engineering (SAIEC), Phillip Capital from Singapore, CBRE from USA, Accor from France and Big C from Thailand. With a global vision in mind, OCIC Group continued its growth trajectory through a strategic partnership with Phillip Trustee, a subsidiary of Singapore’s capital management firm PhillipCapital. The partnership aims to provide trustee services to foreign investors purchasing landed properties in Cambodia. This long-term collaboration provides more options for both groups’ customers. As Phillip Capital operates in 15 countries worldwide, it shall bring more foreign investment opportunities to Cambodia. In 2023, a joint venture was signed between OCIC Group’s affiliate Cambodia Airport Investment Corporation (CAIC) and Singapore Airline Engineering Corporation (SIAEC) to establish a centre of excellence in the field of aircraft maintenance, in order to support the future operations at the new Phnom Penh Techo International Airport. This alliance was facilitated by Changi Airport, an existing OCIC partner. OCIC also cemented a 30-year agreement with Big C, one of Southeast Asia’s largest retail chain. The USD $15 million investment on a 2.7-hectare land will see the first hypermarket in Cambodia, located in the district of Chroy Changvar, a 300-hectare satellite city in Phnom Penh. The construction to build an enhanced retail landscape has kickstarted and is set to be completed within 2026. Discussing OCIC’s partnership milestones, Thierry Tea, Vice President of OCIC Group shared: “These partnerships reflect OCIC Group’s objective […]