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Shopping shapes up in Phnom Penh – Retail in Asia

Retail in Asia

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Shopping shapes up in Phnom Penh

With demand for shopping space in Cambodia on the rise and investor interest growing, the Japanese developer Aeon Mall (Cambodia) Co. Ltd last week broke ground on the construction of a USD205-million mall in Phnom Penh.

The 68,400-square-metre high-end shopping centre, located in Chamkar Mon district next to the five-star Sofitel Phnom Penh Phokeethra, will include 150 large retail units, a cinema complex that can seat 1,000 people and 15,000 square metres of entertainment space that will include an arcade and recreation area for children, executive have said in the past.

“We are happy to contribute to the development of the local economy because it will create more than 2,000 jobs. We want to stay deeply rooted in Cambodia and we want to be loved the most,” Motoya Okada, president and CEO of Aeon Group, was reported as saying at the groundbreaking ceremony by the Japanese media.

He added that the Japanese company was considering opening other locations in Cambodia.