Japan to build $200 m shopping mall in Cambodia

AEON Mall, a Japan's single-largest shopping mall developer and the largest retailing operator, will invest $200 million to build a four-storey shopping mall here in December, Cambodian Prime Minister Hun Sen said Tuesday. "It will be the country's largest modern market and the investment will cost more than $200 million," he said during a graduation ceremony of students at the National University of Management. The construction will be begun on December 10, 2012 on the land area of more than 100,000 square meters along the river in the capital's Chamkamon district, he said. The mall will create between 2,000 and 3,000 jobs. The premier said the investment reflected Japanese investors' confidence in Cambodia and it will also contribute to promoting the country's tourism sector. A Japanese senior officer at the AEON Mall-Phnom Penh Branch confirmed Tuesday in a condition of anonymity that the construction will be completed in 2014. Sourced: globaltimes