China Duty Free Group (CDFG) is set to soft open its Phnom Penh duty-free store this week on 17 August, the travel retailer’s third duty-free store in Cambodia, marking a “new chapter in the tourism industry in Cambodia”.
The new Phnom Penh Duty Free store is located inside the integrated entertainment destination within Phnom Penh city. Located on the NagaCity Walk connecting “Naga World” to “Naga 2”, the area boasts 4,000sqm retail space and 13,000sqm of public area.
CDFG has underlined its commitment to overseas expansion, in response to China’s development initiatives, with the opening of the Angkor duty-free store on December 30 2014, followed with the opening of Sihanoukville duty-free store a year later on December 30 2015.
Under the full support of the Cambodian government, CDFG said it has “completed [its] duty-free mission” by providing high-end duty-free shopping in Cambodia’s three main cities of Angkor, Sihanoukville and Phnom Penh.
The move marks a practical step forward in the Chinese government’s plan to build a strong relationship between China and Cambodia as part of its “Silk Road Economic Belt” initiative.
The Phnom Penh duty-free store is expected to make a “significant contribution” to Cambodia economy, stated CDFG.
It is expected that the opening of NagaCity Walk will draw more visitation from China to NagaWorld, a hotel, gaming and entertainment facility held inside the TSCLK Complex, which will be connected by an underground linkway. The project, known as Naga2, was unveiled in November 2012.
(Source: DFNI Online)