— The Comprehensive Architectural Consulting Company Sees Cambodia,with its 7% Average Economic Growth Rate, as a Gateway to the Global Market —
To all members of the press
October 4, 2023
SHO-SEKKEI Co. , Ltd.
SHO-SEKKEI Co., Ltd. (Head Office: Shibuya-ku, Tokyo; President: Yoshihiko Kifune, hereinafter SHO-SEKKEI), a first-class architectural firm and comprehensive consulting company with a philosophy of “continuously creating enjoyment together,” is pleased to announce that it opened a new branch office in Phnom Penh, Cambodia on October 1, 2023, with the aim of expanding its operations and utilizing human resources in the Asian region. In advance of the opening, a briefing session and reception party were held in Phnom Penh on Friday, September 29, 2023.
The briefing session was attended by a gathering of distinguished guests, including Mr. Atsushi Ueno, Ambassador Extraordinary and Plenipotentiary of the Embassy of Japan in Cambodia, and Mr. Ek Buntha, Deputy Director-General of the Ministry of Culture and Fine Arts, Cambodia. In addition, a celebratory dance performance by Kukkuma Orphanage, which is administered by the non-profit organization Globe Jungle, helped get the new Phnom Penh Branch Office off to a spectacular start.
At SHO-SEKKEI, we recognize the importance of reevaluating our survival strategy and of shifting our focus to the global market rather than concentrating solely on the Japanese market. As a first step, we have decided to enter the Cambodian market to establish a foothold in ASEAN and Southeast Asia.
The main purposes of opening the Phnom Penh Branch Office are:
Cambodia is a young country with an average annual economic growth rate of 7%*2 and an average age of 25 years*3, and so it has tremendous potential for growth over the next 60 years, including an increasing supply of human resources due to its expanding working-age population.
As a comprehensive architectural and consulting firm, SHO-SEKKEI is committed to contributing to the development of the Kingdom of Cambodia by drawing on the experience and knowledge it has accumulated over the past 40 years.
※1 Hiroshima House was built in 2006 within the compound of the Wat Ounalom monastery in the Cambodian capital of Phnom Penh as a symbol of peace and friendship between Hiroshima and Cambodia. It provides free education and school lunches to children from impoverished families.
※2 Source: International Monetary Fund, World Economic Outlook Database, October 2018
※3 Source: Population Pyramid.net
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