The Royal Group is the premier investment and development company in Cambodia known for bringing diversified investment to the country and providing investors with the platform to run operations.[1]
The Royal Group has been at the heart of Cambodia’s economic development for more than three decades, attracting international investors and building market leaders in a cross-section of industries.[2] The group is recognized as the country’s most dynamic and diversified business conglomerate with interests in a wide range of industries.[3][4]
History
The Royal Group was founded by Neak Oknha Kith Meng as a general trading company operating out of Australia in 1989 with the name Royal Cambodia Co Ltd.[5] In 1990, The Royal Group of Companies was incorporated in the Kingdom of Cambodia.[6]
In the 1990s, The Royal Group established trading links with the government during the UNTAC administration.[7] The group established MobiTel and Royal Telecam through a joint venture with Millicom International Cellular.[8]
Between 2011 and 2020, The Royal Group among other milestones, acquired Wing, a mobile payment service provider.[11] In 2024, the group held the official launching of the Royal Group Exchange (RGX) which is currently Cambodia's first approved Securities Digital Products trading platform.[12][13]
Controversies
The Royal Group is one of several stakeholders in hydroelectric projects in Cambodia that have faced significant criticism for environmental concerns.[14][15] These issues include illegal logging in protected areas, displacement of indigenous communities, destruction of rural villages, and damage to fishing grounds, all of which occurred without proper environmental assessment reports.[14] Villagers had expressed concerns about speaking up due to the prominence of the project, with some fearing retaliation.[14]
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