Cambodian capital to represent future retail haven
Holidays to Cambodia often comprise a trip to the capital, Phnom Penh and the largest city in the country may soon be viewed as a retail haven after plans revealed the future opening of several stellar shopping venues.
The jewel in the crown of this latest retail surge will be the Aeon Mall; to be constructed by Japanese developers and costing an estimated US$205 million. This modem shopping hub will reflect the surroundings of Chamkar Mon – Phnom Penh’s newest district.
Covering 68,400 sq m, the Aeon Mall will comprise 150 high-end retail units, an 1,000-seater cinema complex and 15,000 sq m of entertainment space – expected to include an arcade and a recreation area for children. Aeon are also devising plans for a sister mall in Siem Reap.
In addition to Aeon Mall, Malaysian department store Parkson has already began construction for a new development in Phnom Penh which is set to open its doors to the public next year.
Already boasting five stores in Vietnam, Parkson is looking to expand its influence in other Southeast Asian nations and there are also plans to open up a store in Myanmar next year.
If this wasn’t enough, a further retail development next to the NagaWorld casino will comprise an underground shopping mall called ‘City Walk’. This particular investment will cost an estimated US$370 million and is expected to be unveiled at the end of 2013.
With huge fees being spent on the Cambodian retail sector, Phnom Penh is aiming to become a world leader for shopping-based tourism activities, comparable to the likes of Kuala Lumpur which is synonymous for its wide array of malls and boutiques.