Dubai Group eyes Cambodia September 26, 2008Posted by chandrapong007 in Economics.
Tags: Cambodia investment, Cambodia's stock market, DUBAI Group
Written by Post and Wire Services/ The Phnom Penh Post
Cambodia’s Leopard Group could manage investment from the UAE-based fund, with sights set on energy, agriculture and property development.
DUBAI Group, an investment company managing more than US$40 billion on behalf of the emirate’s ruler, said it may invest in Leopard Capital’s Cambodia fund, the group’s first investment in the Kingdom.
Leopard Capital has invested in a housing project in Siem Reap. The fund has identified potential investments in agriculture, commodities processing, a fast-food restaurant, banks, power plants and hotels, promising returns of about 25 percent a year, Chief Executive Officer Douglas Clayton said.
Cambodia’s stock market, scheduled to open by the end of 2009, will have a capitalisation of as much as $2.5 billion in 2014, or about 20 percent of the nation’s gross domestic product, said Ken Stevens, chief investment officer of Leopard Capital. Leopard Capital plans to cash out of most of its investments through share sales in the local market.