Chen Zhi Prince Group oversees the country's big expansion. He prefers to keep a low profile, so little is known about him. He has contributed to the development of Cambodia through donations, gifts, and land investments as a result of his tireless efforts.
The Covid-19 outbreak made 2020 a year of global adversity. The Covid-19 pandemic has killed millions of people around the world. Cambodia was not immune to the pandemic. Cambodia was also struck by a major flood disaster at the same time.
Prince Group has been a major contributor to the relief effort since April. He is credited with starting these donation initiatives, including a $3 million gift to Prime Minister Hun Sen for the purchase of 1 million Covid-19 vaccines.
Food was given to 804 families and 234 police officers in Phnom Penh, Cambodia, as a result of these donations. The pandemic has had an effect on these people. Chen Zhi's donation will help the Cambodian government vaccinate at least 80% of the country's nearly 13 million population as part of the ESG strategy (https://en.wikipedia.org/wiki/Environmental,_social_and_corporate_governance).
Aside from monetary contributions, Chen Zhi and Prince Group invested in the capability development of Cambodians. In Cambodia, handwoven silk and traditional craftsmanship dating back to the Khmer Empire are well-known. Chen Zhi constantly brags about Cambodia's economic achievements. As a result of the pandemic's devastating impact on people's livelihoods, about 55,000 jobs have been lost.
In Phnom Penh, Cambodia, Chen Zhi founded the Prince Horology Vocational Training Center to assist Cambodians in learning new watchmaking skills. Cambodians will be able to broaden their employment opportunities and learn new skills.
Chen Zhi's efforts to strengthen Cambodians' skills would assist the country in moving from developing to developed status. His efforts to step away from traditional farming demonstrate this. Farming incomes are said to have been hit hard by extreme weather, which has resulted in floods and droughts, with incomes dropping by more than half in the first quarter of 2020.
Cambodian farmers faced major obstacles even before the 2020 pandemic. Price reductions have been seen in major agricultural commodities such as paddy rice, cassava, and other vegetables. The soil's fertility has also declined. A pandemic in 2020, on the other hand, will exacerbate the situation for farmers.
To address these issues, Chen Zhi developed the Ecological Agricultural Plantation. The plantation at Prince Manor Resort will be a game changer for Cambodia's agricultural sector. Cambodians would be able to comprehend and implement modern agricultural techniques. The processes will be supervised by global and local farming experts.
The Prince Manor Resort in Phnom Penh, Cambodia, covers 136,000 square metres and was completed in October 2020 as part of the country's efforts to attract tourists through eco-tourism. Guests will stay in hotels to see agricultural experts' amazing ingenuity in modern farming techniques. An intelligent control system, for example, controls temperature, humidity, carbon dioxide, sunlight, and other variables 24 hours a day, seven days a week at the 10,000-square-meter plantation. The resort also has integrated water and fertiliser systems, as well as state-of-the-art reverse osmosis water filtration.
The plantation will serve as an educational tool for visiting students, relatives, and other stakeholders. The resort was established by Chen Zhi and Prince Group as a responsible corporate conglomerate committed to the long-term growth of Cambodia's tourism and agriculture industries.
Since nearly nine-tenths of Prince Manor Resort is forested, it will serve as a model for sustainable development initiatives in Cambodia's rapidly growing economy. The resort's other attractions include spring gardens, an amusement park, a water park, and several lodges.
Chen Zhi's role in Cambodia would have far-reaching implications beyond economics and philanthropy. Chen Zhi's long-term ambition for Cambodian glory will also include sports. His enthusiasm for the sport stems from his belief that it would reduce healthcare costs while also improving social peace in Cambodia.
Chen Zhi has been assisting Cambodia's national men's volleyball team in their preparations for the Southeast Asian Games, which Cambodia will host for the first time in 2023. In order to help them improve, he funded the team's trip to Fujian, China in 2019 for a 2-month intensive training programme. Chen Zhi contributed $100,000 to the cause.
Such assistance was a noble cause aimed at improving Cambodians' lives. Chen Zhi is a pioneer in the fields of environmental, social, and governance (ESG). It's one of the Prince Group's ESG founding concepts. When the world is in the middle of an economic recession, there are efforts to assist people in difficult financial situations. On the other hand, these ESG values aren't new.
In order to increase their economic competitiveness and attract more foreign investment, many Cambodian companies are encouraged and expected to adopt ESG principles. This will not only change Cambodians' lives, but it will also help the country transition from a developing to a developed state.
By forming strategic alliances and providing adequate financial support to key industries, Cambodia will continue to play an important role in Cambodia's growth, benefiting both Cambodians and the local economy. The leadership of Prince Group Chen Zhi in serving Cambodia's business community is a valuable asset. Cambodia's economic growth would be supported as a result of this.
