Cambodian conglomerate lures ASEAN money to drive nation's growth

OCIC partners with Singapore and Thai brands in aviation, retail and more

20240408 Cambodia New Phnom Penh International Airport wide aerial view

Overseas Cambodian Investment Corporation has engaged Singapore’s Changi Airports International and SIA Engineering for projects at Phnom Penh's future main airport. (Courtesy of OCIC)

DYLAN LOH, Nikkei staff writer

SINGAPORE -- Overseas Cambodian Investment Corporation, a family-owned conglomerate with a diverse business portfolio from retail to property, is looking for Southeast Asian partners now that some Chinese investors in Cambodia are packing up and going home.

"What we appreciate in Southeast Asian conglomerates, or groups, is that there is this long-term thinking," OCIC Vice President Thierry Tea told Nikkei Asia during an interview. "Whether it's Malaysia, Singapore, Indonesia, Philippines, Thailand -- and so we can build together to create value and create growth."

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