Peng Huoth Group is set to invest $60mn to build a new mall by 2020 called the PH Diamond Place on Samdech Techo Blvd to meet what it says a need for a new shopping experience. The groundbreaking ceremony for construction of the mall was held last Sunday. According to Thai Mengly, CEO of Peng Huoth Group, the mall is part of the Star Diamond mixed development project with luxurious residential developments, condominiums, tall office buildings and conference or wedding halls. It will cover 62,000 square meters with 30,000 square meter of rental space, and a parking space for 2,671 cars and 952 motocycles. (Source: Khmer Times)