A major contributor to this article appears to have a close connection with its subject.(July 2011) |
Company type | Conglomerate (company) |
---|---|
Founded | 1991 |
Founder | Neak Oknha Kith Meng |
Headquarters | Phnom Penh, Cambodia |
Website | www |
The Royal Group, based in Phnom Penh, is Cambodia's largest diversified conglomerate and holding company with investments in various industries in the country including telecommunication, media, banking, insurance, resorts, education, property, trading and agriculture. [1]
Royal Group Cambodia Co Ltd was established as a general trading company operating out of Australia in 1989. It was incorporated in Cambodia in 1990. In the nineties, the company created strong links with the UNTAC. It became the sole distributor of Canon products and Bell Helicopter in Cambodia, and obtained the distribution of Motorola products in the country. MobiTel was established through a partnership with Australia and New Zealand Banking Group. The Royal Group got exclusive rights for HBO, Cinemax and the Disney Channels in Cambodia. A joint venture with QSR Brands, which operates KFC and Pizza Hut restaurants all across Asia, brought the first international fastfood chain to Cambodia. Infinity Insurance was established. [2]
In 2008, the Royal Group was granted a 99-year concession to develop Koh Rong island. In 2016, the local authorities ordered to stop the construction of the port because the Royal Group did not have the proper permits to operate. [3] In January 2016, the same happened with a jetty at O'Tres Beach in Koh Rong. [4]
In June 2011, a leaked American diplomatic cable called Royal Group's CEO Kith meng a "relatively young and ruthless gangster," and stated that he was "notorious for using his bodyguards to coerce others into brokering deals." [11] Royal Group has received particular criticism regarding environmental issues in Cambodia, most prominently illegal logging in protected areas, [12] displacing indigenous and destroying rural villages, and harming fishing grounds for hydroelectric projects without compensation or proper environmental assessment reports. [13] Villagers have reported being afraid to speak out due to fears that Royal Group would have them killed, saying that local military and police were watching them at the behest of the conglomerate. [14]
The system of transport in Cambodia, rudimentary at the best of times, was severely damaged in the chaos that engulfed the nation in the latter half of the 20th century. The country's weak transport infrastructure hindered emergency relief efforts, exacerbating the logistical issues of procurement of supplies in general and their distribution. Cambodia received Soviet technical assistance and equipment to support the maintenance of the transportation network.
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Koh Rong is an island in Preah Sihanouk province, Cambodia. It is the second largest island of Cambodia. The word Rong might refer to an old term for "cave" or "tunnel". It can also refer to the Old Khmer word for shelter, adding up to Shelter Island.
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Sihanoukville, also known as Kampong Saom, is a coastal city in Cambodia and the capital of Preah Sihanouk Province, at the tip of an elevated peninsula in the country's south-west on the Gulf of Thailand. The city has a string of beaches along its entire coastline and coastal marshlands bordering Ream National Park in the east. The city has one navigable river, the mangrove-lined Ou Trojak Jet, running from Otres Pagoda to the sea at Otres. Several thinly inhabited islands, under Sihanoukville's administration, are near the city.
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