Phnom Penh (FN), Oct. 2 -- Empire World Group, the developer behind a project of building a satellite city covering an area of 803 hectares in Bavet city in Svay Rieng province, signed a project collaboration agreement with BAUING GROUP and CFMA (City Facility Management & Consultant Limited) last week to expand the potential of Bavet Satellite City.
During the signing ceremony, the three chinese companies jointly made a project among many others in Bavet area in which the first project had been done on 50-hectare-land known as OBC, the “online business concept” investment project, which it is the large commercial building integrated with the online gaming industry.
Mr. ROS PHIRUN, deputy director general of Ministry of Economy and Finance, Mr. SIENG SEN, Director of Department of Anti-Commercial Gambling Crime Department, and Mr. CHEA VUTHY, Deputy Secretary General of the Council for the Development Cambodia attended the signing ceremony.
Mr. Eric Loo, Chief Executive Officer of Empire World, stated in a press conference that the collaboration with the two Chinese companies is to create a new modern technology with international standard supported by the Royal Government of Cambodia to ensure the security and safety on technology for any investment companies such as Casino Management and Internet Gaming Company.
He continued that “we collaborated with BAUING and CFMA because they are the leading companies in Chinese Market as well as famous brand in China, especially they has more than 25 years of experience in design, renovation and real estate management, also both companies have presense in 20 counties around the world.”
Furthermore, Mr. ROS PHIRUN, deputy director general of Ministry of Economy and Finance, stated that multiple projects of Empire World Group not only drive Cambodia Economy but also increase the tax collection for the government.
He continued that many Chinese enterprises came to invest in the special economic zones such as hydropower, infrastructure, bank, real estate company and the other many factors since Cambodia economy increased 7% each year and it has a very interesting economic geography.
Please be informed that beside the said project, Empire World Group also has many projects such as casino, bank, resort, shopping mall and the other projects which may attract the tourists to visit more and more, especially it would increase the local economy to be better.
=FRESH NEWS
