Overseas Cambodian Investment Corporation (OCIC), Cambodia’s premier diversified property development and infrastructure conglomerate, has marked a prosperous 2023 filled with strategic partnerships and groundbreaking developments. From notable awards to significant collaborations, OCIC has laid the foundation for continued success in the upcoming year.
Strategic Partnerships
In 2023, OCIC solidified partnerships with esteemed international brands such as Singapore Airline Engineering (SAIEC), Phillip Capital, CBRE, Accor, and Big C. These collaborations reflect OCIC’s global vision and commitment to excellence.
A notable partnership with Phillip Trustee, a subsidiary of Singapore’s PhillipCapital, aims to provide trustee services to foreign investors purchasing landed properties in Cambodia. This strategic alliance, leveraging Phillip Capital’s extensive global presence, is poised to bring more foreign investment opportunities to Cambodia.
Additionally, OCIC signed a joint venture agreement with Singapore Airline Engineering Corporation (SIAEC) to establish a center of excellence for aircraft maintenance at the new Phnom Penh Techo International Airport. This partnership, facilitated by Changi Airport, highlights OCIC’s dedication to advancing Cambodia’s aviation sector.
Development Projects and Milestones
OCIC reached significant milestones in ongoing and upcoming projects, including investments in the development of Koh Pich and the completion of the Koh Norea Bridge. These initiatives underscore OCIC’s commitment to enhancing Cambodia’s infrastructure and fostering economic growth.
The completion of the Koh Norea Bridge, connecting Koh Pich and Norea City districts, represents a significant leap in Phnom Penh’s economic development. This transformative infrastructure project reduces travel time and supports the sustainable growth envisioned by OCIC Group’s Chairman, Neak Okhna Dr Pung Kheav Se.
Award Recognition
OCIC received prestigious awards, including the ‘Asia Pacific Outstanding Enterprise Award’ and the ‘Best Waterfront Condo Development Award.’ These accolades underscore OCIC’s dedication to excellence and its positive impact on Cambodia’s real estate sector.
Developing Cambodia’s Future
OCIC remains committed to establishing Cambodia as an investment and business destination, contributing to regional economic growth. With ambitious plans for 2024, including the development of Techo International Airport and the launch of the OCIC Innovation Center, OCIC is poised for continued success.
About OCIC Group
As Cambodia’s premier investment entity, OCIC embodies visionary leadership and pioneering development. With landmark projects and a commitment to innovation and integrity, OCIC is dedicated to enriching Cambodia’s people and fostering economic growth.
For more information, visit https://www.ocic.com.kh/
