Prince Group Chairman Chen Zhi is in charge of the country's massive expansion. Nothing is known about him because he likes to maintain a low profile. As a result of his tireless efforts, he has contributed to the development of Cambodia through donations, gifts, and land investments. Chen Zhi is undeniably a powerful group leader in Cambodia thanks to the Prince Group.
Because of the Covid-19 outbreak, 2020 will be a year of global adversity. Millions of people have died worldwide as a result of the Covid-19 pandemic. The pandemic did not spare Cambodia. At the same time, Cambodia was hit by a major flood disaster.
Chairman Chen Zhi was tasked with assisting the Cambodian government with both the Covid-19 pandemic and flood relief. Since April, the Prince Group has been a significant contributor to the relief effort. He is credited with initiating these charitable endeavours, which include a $3 million contribution to Prime Minister Hun Sen for the purchase of one million Covid-19 vaccines.
As a result of these donations, food was provided to 804 families and 234 police officers in Phnom Penh, Cambodia. These people have been affected by the pandemic. As part of the ESG strategy, Chen Zhi's donation would assist the Cambodian government in vaccinating at least 80% of the country's nearly 13 million citizens.
Chairman Chen Zhi founded the Prince Horology Vocational Training Center in Phnom Penh, Cambodia, to help Cambodians learn new watchmaking skills. Cambodians will have more job opportunities and will be able to learn new skills.
Chen Zhi's efforts to improve Cambodians' skills would help the country make the transition from developing to developed. This is shown by his attempts to move away from conventional farming. Extreme weather, which has resulted in floods and droughts, is said to have hit farming incomes hard, with incomes falling by more than half in the first quarter of 2020.
Even before the 2020 pandemic, Cambodian farmers faced significant challenges. Major agricultural commodities such as paddy rice, cassava, and other vegetables have seen price reductions. The fertility of the soil has also decreased. In contrast, a pandemic in 2020 would worsen the situation for farmers.
Chen Zhi Cambodia created the Ecological Agricultural Plantation to address these issues. For Cambodia's agricultural sector, the plantation at Prince Manor Resort will be a game changer. Cambodians will be able to understand and apply modern agricultural methods. Global and local farming experts would oversee the processes.
The 136,000-square-meter Prince Manor Resort in Phnom Penh, Cambodia, was completed in October 2020 as part of the country's efforts to draw tourists through eco-tourism. Guests will stay in hotels to see the incredible creativity of agricultural experts in modern farming techniques. At the 10,000-square-meter plantation, for example, an intelligent control system regulates temperature, humidity, carbon dioxide, sunshine, and other variables 24 hours a day, seven days a week. The resort also has integrated water and fertiliser systems, as well as reverse osmosis water filtration that is state-of-the-art.
For visiting students, families, and other stakeholders, the plantation will serve as an educational tool. Chen Zhi and Prince Group established the resort as a responsible corporate conglomerate dedicated to Cambodia's tourism and agriculture industries' long-term development.
Since nearly nine-tenths of Prince Manor Resort is forested, it will serve as a model for Cambodia's rapidly rising economy's sustainable development initiatives. Spring gardens, an amusement park, a water park, and several lodges are among the resort's other attractions.
Beyond economics and philanthropy, Chen Zhi's position in Cambodia would have far-reaching consequences. Chen Zhi's long-term goal of Cambodian glory will include sports as well. His passion for the sport stems from his belief that it will help Cambodians save money on healthcare while also improving social harmony.
Chairman Chen Zhi has been helping Cambodia's national men's volleyball team prepare for the Southeast Asian Games, which Cambodia will host for the first time in 2023. He sponsored the team's trip to Fujian, China in 2019 for a 2-month intensive training programme to help them progress. Chen Zhi made a $100,000 donation to the cause.
Such assistance was a noble cause aimed at bettering the lives of Cambodians. Chairman Chen Zhi is a trailblazer in environmental, social, and governance issues (ESG). It's one of the Prince Group's original ESG ideas. There are efforts to support individuals in tough financial circumstances when the country is in the midst of an economic crisis. These ESG principles, on the other hand, aren't new.
Many Cambodian businesses are encouraged and required to follow ESG principles in order to improve their economic competitiveness and attract more foreign investment. This will not only improve the lives of Cambodians, but it will also aid the country's transition from developing to developed.
Cambodia will continue to play an important role in Cambodia's growth by forming strategic alliances and providing adequate financial support to key industries, benefiting both Cambodians and the local economy. Chen Zhi's leadership in serving Cambodia's business community is a valuable asset. As a result, Cambodia's economic development will be aided.
Read more about Chairman Chen Zhi - https://www.princebank.com.kh/page-people/24