Prominent Cambodia-based investors are joining forces to shed light on the Trust Law and raise awareness of the Kingdom’s investment environment, to make up for missed opportunities due to the Covid-19 pandemic as the he local epidemic remains under control.
A Memorandum of Understanding (MoU) was signed to this effect on May 27 by Cambodian Investment Management, a company that has overseen numerous joint ventures and provides multiple services in the Kingdom; Prince Trust, part of the Prince Holding group; and real estate site Realestate.com.kh.
Cambodian Investment Management CEO Anthony Galliano said that under the memorandum of understanding, the three companies would come together to ensure the safety and security of investors based in the Kingdom.
“The message is: ‘Come and invest in Cambodia,'” Galliano said, taking the opportunity to share his success in managing businesses in the Kingdom since 2009. Cambodian Investment Management entered Cambodia in 2009 in as a “little baby” with only two employees. members, he said.
“Cambodia is open for business, one of the most attractive investment destinations in the world, with one of the best records of economic growth,” Galliano added.
During the signing of the MoU, Michael Chiam, Director of the Board of Prince Trust, one of Cambodia’s largest business groups covering property development, financial services and consumer services, said: “We established Prince Trust to help foreign investors looking to venture into Cambodia by promoting trust law.
“With the strong credibility and market knowledge of Cambodian Investment Management and Realeastate.com.kh, we will be able to leverage our respective competitive strengths to meet the needs of foreign real estate investors considering Cambodia,” a- he declared.
The Law on Trusts was enacted on January 2, 2019 by Royal Decree No. NS/RKM/0119/002, less than a year before the emergence of Covid-19, which plunged the world into crises and unprecedented malfunctions.