ABU DHABI, (Pakistan Point News - 07th Oct, 2018) The MBF National Investment Group has discussed, with Cambodia's Consulate-General, various investment opportunities in Cambodia, most notably a joint venture to build a health resort in the Cambodian capital, Phnom Penh.
The resort is expected to provide various services and facilities, such as medical treatment and landscapes for Cambodian green areas.
Sheikh Mohammed bin Faisal Al Qasimi, Chairman of the MBF Investment Group, and Kamal Je Augustin, Cambodian Consul, discussed potential areas of cooperation, ways of strengthening their partnership, and investment opportunities in Cambodia, while reviewing the country’s facilities and advantages offered to investors, along with its current investment policies.
Sheikh Mohammed bin Faisal noted that the resort will cover an area of some 4 million square feet. The partnership with the Cambodian government to complete the project will be done through a local national entity, while its total cost is estimated at AED1 billion.
The MBF Investment Group Chairman explained that Cambodia is known for its herbal therapy practices and resorts, while reiterating that the project will encourage families to visit Cambodia and is among the group’s major priorities He added that between November and the end of the year, the group will visit Cambodia to evaluate the project and draft appropriate designs.
Je Augustin added that Cambodia is currently one of the most attractive investment hubs in Asia, which has an ancient history and attractive natural environment. He expects the project to play a vital role in attracting visitors, as Cambodia has a diverse history and is one of the leading historic locations in Southeast Asia.
