PHNOM PENH: The BooYoung Group, a leading South Korean real estate investment firm, has expressed interest in investing in Cambodia’s growing infrastructure and logistics sector.
Dr. Lee Joong Keun, the founder of the BooYoung Group, expressed his desire to see Cambodia achieve peace, political stability, and development in all areas during a recent meeting with the Minister of Public Works and Transport Sun Chanthol. As a result, many private sectors have turned to invest with the Royal Government of Cambodia, particularly in the rapidly expanding infrastructure and transportation sectors.
He stated that his BooYoung Group has also expressed a strong interest in investing and that this meeting provides an opportunity for companies to discuss and learn more about investment opportunities in Cambodia’s infrastructure and transportation sectors.
The Minister also mentioned the Ministry’s major accomplishments and other major projects as a priority direction in improving infrastructure and transportation, including, the Phnom Penh-Sihanoukville Expressway, which was recently officially opened to the public, the Phnom Penh-Poipet Northern Expressway Project, the Phnom Penh-Bavet Expressway Construction Project, and the Tonle Bassac Logistics System are all major ministry projects that have completed feasibility studies and are looking for investment partners.
Booyoung Group is a South Korean conglomerate that has invested in residential, commercial, and residential projects both domestically and internationally. Cambodia, which opened its base in 2013 with an estimated capital of $ 1.1 billion, as well as other projects.