The chairman of Prince Group is Neak Oknha Chen Zhi. Nothing is known about him because he seems to prefer to keep a low profile. According to his LinkedIn profile, he is the chairman of Prince Group, one of Cambodia's leading large-scale integrated business companies.
Chen Zhi, as he is called, appears to be a naturalised Cambodian citizen of Chinese ancestry who arrived in the country in 2010. He has met with Prime Minister Hun Sen in person. We know he works for Prince Real Estate, which has constructed numerous projects in Phnom Penh and Sihanoukville. Its programmes have aided in the development of over one million square metres. Its assets include the Prince Plaza Center, the Prince Modern Plaza, the Prince City Center, and the Prince IT Building. Many of the structures tend to be under construction but should be finished soon.
Prince Group also controls Prince Bank, Cambodia Airways, Belt Road Capital Management, Awesome Global Investment Group, Canopy Sands Growth, and Prince Supermarket. That's a lot of companies! It would not surprise us if he is also an investor in a number of other firms, as all of these businesses must make a lot of money.
We also know that, aside from his corporate interests, he seems to be an active philanthropist.
Last year, Neak Oknha Chen Zhi personally agreed to contribute USD $3 million to assist Cambodia in purchasing 1 million COVID-19 vaccines, and he also provided assistance when the country was struck by extreme floods. Chen Zhi and Prince Group recently pledged an additional USD $3 million to address the growing number of COVID-19 cases in Cambodia.
He appears to be a watch enthusiast, and he is said to have donated a significant sum of money to establish the Prince Horology Vocational Training Center, which provides various full and partial scholarship placements for talented Cambodian students looking to learn the fine art of luxury watchmaking.
Can watches made in Cambodia be as nice as those made in Switzerland and Japan? Chen Zhi of Prince Group seems to want them to be. Related stories: Chen Zhi and Prince Group Bring Swiss Watchmaking to Cambodia
Chen Zhi seems to enjoy volleyball as well. At the very least, Prince Group has declared its support for the Cambodian national volleyball team, which will participate in the 2023 Southeast Asian Games. Prince Group donated $500,000 to the Cambodia Volleyball Federation and paid for a two-month training programme in Fujian, China, for 21 Cambodian volleyball players. Following that, they hired a volleyball coach to help the team grow. Volleyball is not a common sport among Cambodians, but the country rarely wins in team sports, so a bronze medal would be welcome.
How did Chen Zhi end up in Cambodia? To pull off such massive ventures, he clearly must have a background in real estate or know people who do. He must be a professional networker if he knows so many people from various fields.
We know he doesn't want to make his work too public. It seems that the majority of the work is performed on the field and offline. If the reports are right, the Prince Charitable Foundation is where the majority of Prince Group's efforts are directed when it is not engaged in finance, aviation, real estate growth, or retail. They've quietly launched over 240 fundraising events in the last ten years.
Chen Zhi and Prince Group have at least ensured that a significant number of people have found jobs in Cambodia. The Group employs a significant number of people in Phnom Penh and in Cambodia. They recently announced that they would soon begin construction on Ream City, a $16 billion project that will build an 834-hectare city in Sihanoukville. It will be constructed on reclaimed land and will include the typical components of planned cities, such as hotels, malls, beach resorts, condos, landed homes, beach homes, colleges, parks, and so on.
If his plans are successful and Prince Group continues to build and develop at its current pace, it won't be long before Neak Oknha Chen Zhi of Prince Group becomes a household name in Cambodia.
We'll keep you updated on the latest news and developments concerning the fascinating visionary business leader and caring philanthropist that is Neak Oknha Chen Zhi of Prince Group Cambodia as they become visible, so stay tuned.