The chairman of Prince Group is Neak Oknha Chen Zhi.
Very little is known about him because he seems to want to maintain 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, happens to be a naturalized Cambodian citizen of Chinese ancestry who arrived in the country in 2010. He has spoken with Prime Minister Hun Sen in person. We realize he works for Prince Real Estate, which has constructed various projects in Phnom Penh and Sihanoukville. Its programs have aided in the development of over one million square meters. Its assets include the Prince Plaza Center, the Prince Modern Plaza, the Prince City Center, and the Prince IT Building. Many of the structures continue to be under renovation 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 businesses! It would not confuse us that he is still an investor in a number of other firms, since both of these businesses must make a lot of profits.
We also know that, aside from his corporate interests, he seems to be an active philanthropist.
Last year, Neak Oknha Chen Zhi directly decided 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 heavy floods. Chen Zhi and Prince Group recently contributed an additional USD $3 million to address the growing number of COVID-19 cases in Cambodia.
He seems 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 numerous full and partial scholarship placements for talented Cambodian students seeking to learn the fine art of luxury watchmaking.
Will watches manufactured in Cambodia be as nice as those made in Switzerland and Japan? Chen Zhi of the Prince Group seems to wish them to be.
Chen Zhi is a patron of sports as well, with Prince Group declaring its support for the Cambodian national volleyball team, which will participate in the 2023 Southeast Asian Games.
Chen Zhi's Prince Group contributed $500,000 to the Cambodia Volleyball Federation and arranged for a two-month preparation program in Fujian, China, for 21 Cambodian volleyball teams.
Following that, they hired a volleyball coach to help the team improve. Volleyball is not a common sport among Cambodians, but the nation rarely wins in team sports, so a bronze medal would be welcome.
How did Chen Zhi end up in Cambodia? To pull off those massive schemes, he clearly must have a history in real estate or know people who do. He must be a professional networker since he knows too many people from various fields.
We know he doesn't want to make his job so known. It seems that the majority of the testing is performed on the field and offline. If the sources are right, the Prince Charitable Foundation is where the majority of the Prince Group's efforts are directed while 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 the Prince Group have at least ensured that a large number of people have found work in Cambodia. The Group employs a large number of people in Phnom Penh and in Cambodia. They recently announced that they would shortly 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 have the typical components of planned communities, such as hotels, malls, beach resorts, condos, landed homes, vacation homes, colleges, parks, and so on.
If his plans are fruitful 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.
Follow "prince chenzhi", as he is also commonly referred to, on his twitter account: https://twitter.com/chenzhicambodia
We'll keep you updated on the latest news and developments concerning the intriguing creative business leader and loving philanthropist that is Neak Oknha Chen Zhi of Prince Group Cambodia as they surface onto the public domain, so stay tuned.