Chen Zhi Prince Group Cambodia
Neak Oknha Chen Zhi is the chairman of Prince Group, one of Cambodia's largest and fastest-growing business conglomerates, but he is surprisingly unknown.
Despite his extensive business interests in Cambodia, Chen Zhi of Prince Group appears to be keeping a low profile, save for an official Twitter and LinkedIn account, which are most likely managed by his bodyguards.
He is of Chinese descent and is commonly referred to as Chen Zhi Prince Group. He later naturalized as a Cambodian citizen. In 2010, he visited Cambodia and met with Prime Minister Hun Sen.
His interest in Prince Real Estate has resulted in the construction of several projects in both Phnom Penh and Sihanoukville, Cambodia. These forays paved the way for a 1 million-square-meter expansion.
Some examples include the Prince Plaza Center, the Prince Modern Plaza, the Prince IT Building, and the Prince City Center. They are still under construction right now, but they will be done soon.
Prince Group's subsidiaries include Belt Road Capital Management, Prince Bank, Cambodia Airways, Prince Supermarket, Awesome Global Investment Group, and Canopy Sands Growth.
It would not be surprising if he made investments of other companies if they had the potential to be successful.
He is not only involved in business, but also in philanthropy.
Chen Zhi's year of philanthropy in Cambodian society was last year. He had pledged to contribute $3 million to help Cambodia purchase one million COVID-19 vaccines.
When the floods hit Cambodia, Chen Zhi stepped in to help the victims. In terms of personal preferences, he enjoys watches.
He made a generous donation to create the Prince Horology Vocational Training Center, which offers full and partial scholarships to talented Cambodian students.
Neak Oknha Chen Zhi appears to be particularly enthusiastic about luxury watches, and he wishes for Cambodian-made watches to compete with those made in Switzerland and Japan.
How did Chen Zhi end up in Cambodia? He can have relationships with people from all walks of life. He is able to complete large-scale projects due to his real estate expertise and connections. His savvy networking abilities may have helped him in turning a profit.
While Chen Zhi tends to stay out of the spotlight and does most of his work behind the scenes, he has helped Prince Group launch over 240 charity events. When Chen Zhi is not involved in banking, aviation, retail, or real estate growth, the Prince Charitable Foundation is the most active allotment of Prince Group.
Chen Zhi and the Group were instrumental in getting many people jobs in Phnom Penh. They achieved this by embarking on a huge project. They had previously stated that Ream City will be available soon. This $16 billion project will build a city on 834 hectares in Sihanoukville.
Ream City would have the usual characteristics of established cities, such as malls, schools, landed homes, hotels, restaurants, beach resorts, beach houses, parks, and so on, since it will be constructed on reclaimed land.
Chen Zhi will be a household name in Cambodia in no time if his hopes come true and the current pace of growth continues.