Yuanta

Jet Group to expand night market

Jet Group, the owner of Cambodia’s first-ever container night market, said it is investing an additional $500,000 to expand the open-air facility with an annex scheduled to open next month. The container market will add 16 modified 12-meter shipping containers, bringing the total number of containers to 40, with 316 stalls for shops, restaurants, and bars. Project Manager Chhay Sophiorn said the company is renting an additional 2,860 square meters on top of the 1 hectare site that it already owns. The expansion, he said, would also include a 2-storey motorbike parking facility to accommodate the influx of visitors. Sophiorn previously said that Jet Group had sunk $400,000 into developing the first stage of its container market on land the group already owned. The success of the group has already spawned imitators, with similar styled container markets in other areas of the capital, including one under construction in the Shukaku-owned Boeung Kak lake development, Phnom Penh City Center. (Source: Phnom Penh Post)

Coporate News

13th June 2017

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