Cambodian conglomerate brings world-renowned expertise from Singapore to oversee 834-ha project, catalyzing growth in Cambodia�s 3rd largest city

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HONG KONG SAR
- Media OutReach - 8 February 2021
- Canopy Sands Development, a member of Prince Holding Group, one of Cambodia's
largest and fastest growing conglomerates, approved a masterplan for Ream City
developed by Surbana Jurong Group, a global urban, infrastructure and managed
services consultancy headquartered in Singapore. The masterplan specifies a
land use plan for the 834-hectare project requiring total investments estimated
at US$16 billion, and will be developed on reclaimed land conveniently located within
a 10 minutes' drive from Sihanoukville International Airport. Ream City will
act as a catalyst for the growth prospects of the entire Sihanoukville region,
Cambodia's third-largest city and home to the country's deep-water port.

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Ream City is set to transform Sihanoukville
by introducing a sustainable ecosystem of residential and commercial activity
that has the potential to house up to 130,000 residents (Link)

A major part of the plan includes an
extensive beachfront that stretches beyond 6km. This will support a wide range
of waterfront activities and inject vibrancy to the community. (Link)

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Ream City is
set to transform Sihanoukville by introducing a sustainable ecosystem of tourism,
commercial and residential activity that has the potential to house up to
130,000 residents. Upon completion, the masterplan envisions the construction
of family attractions, condominiums, landed and beachfront homes and affordable
housing estates, themed shopping malls, business hubs, beach resorts, hotels,
condotels, yacht and marina club. Surbana Jurong was appointed to undertake the
masterplanning, urban design and coastal engineering works for Ream City.

Cambodia is
located between Thailand and Vietnam and has positioned itself to be an
attractive investment destination for businesses looking to expand in the ASEAN
region.

Mr Yeo Choon
Chong, CEO, ASEAN, Surbana Jurong said, "Cambodia continues to attract a steady
flow of foreign direct investments. With our partners, we see immense potential
to drive growth in this key market through our participation in iconic
infrastructure projects."

"The proposal
prioritises the integration of nature to enhance the built environment. A major
part of the plan includes an extensive beachfront that stretches beyond 6km.
This will support a wide range of waterfront activities and inject vibrancy to
the community. The plan also includes infrastructure enhancements to the
community to support civic and community facilities such as schools, parks and
open spaces, sports complexes, polyclinics and neighbourhood-level amenities.
Once fully developed, Ream City will be an exciting destination for dining,
retail, work, recreation and living.", Mr Yeo added.

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�"We have liaised with
Surbana Jurong for more than a year and are very happy with the masterplan they
have proposed for Ream City," said Mr Khong Weng Fook, Managing Director of Canopy
Sands Development. "Surbana Jurong has consistently impressed clients around
the world and are well-known for their extensive experience in urban
development, deep and global talent pool, and comprehensive global coverage as
they have developed masterplans for a wide variety of projects in more than 30
countries."

"We are
looking forward to working together to convert their proposed land use plan into
reality and create a sustainable solution for living for the betterment of
Sihanoukville and Cambodians."

Beyond
tourism, Sihanoukville Province is also diversifying economically with a
growing base of entertainment, manufacturing, logistics, electricity production
and agriculture businesses. It is situated at the cross-roads of major
infrastructure initiatives like the Belt and Road Initiative and the Greater
Mekong Subregion Economic Corridors southern route. The airport is also
undergoing expansion and will initially see its capacity increase to
accommodate 3.6 million passengers annually with further plans expected to deal
with a potential passenger load of 10 million by 2030.

Together,
Prince Group and Surbana Jurong aim to bring a holistic and meticulously
planned approach to the coastal development that leverages the strengths of
both parties -- Prince Group, which also
counts Prince Real Estate Group, Prince Bank, Cambodia Airways and Prince Huan Yu Real Estate among its group of
companies, has completed numerous projects in Phnom Penh and Sihanoukville and
has invested more than US$2 billion in local projects with a view to "Build a
Better Life" for Cambodians.

About Prince Holding Group

Prince
Holding Group, better known as Prince Group, is one of the largest corporate
conglomerates in Cambodia, with businesses spanning across multiple industries,
including real estate development, banking, finance, aviation, tourism,
logistics, technology, food and beverages, and lifestyle sectors. Prince Group
adheres to its mission of "Building a Better Life" and the Group's
philosophy espouses the values of "Commitment, Responsibility, Respect,
Generosity and Innovation".

About
Canopy Sands Development

Canopy Sands
Development's vision is to build thriving living and working environments that
elevate people's livelihoods and wellbeing and deliver lasting prosperity to
local communities. Led by a local and international team of highly experienced,
reputable and respected professionals, each of whom has a unique and
strategically critical global perspective, Canopy Sands Development is laying
the foundations that will catalyze greater economic opportunities, generate
major socio-economic benefits, and ensure long-term prosperity.

A leader in
real estate development, Canopy Sands Development is working to build vibrant
new communities across Cambodia, each of which will be built according to the highest
international standards. In doing so, the company will create significant economic,
social, and educational opportunities and deliver sustainable and lasting
benefits to Cambodian communities.

About Surbana
Jurong

Surbana
Jurong Group (????) is one of the largest Asia-based urban, infrastructure and
management services consulting firms, with 70 years of track record in
successful project delivery. Headquartered in Singapore, the Surbana Jurong
Group comprises SMEC and Robert Bird Group in Australia, Sino-Sun in China,
AETOS, KTP, Prostruct and SAA in Singapore, and B+H in Canada.

Our global
talent pool of over 16,000 employees from more than 120 offices in over 40
countries worldwide includes architects, designers, planners, engineers and
other specialists, who are driven by progressive thinking and creative ideas to
help shape a better future.

Our technical
experts deliver best-in-class solutions that cover the entire project life
cycle from planning and design, through to delivery and management, and even
decommissioning and closure. We provide a full suite of consultancy services
across a diverse range of sectors such as aviation, healthcare, hospitality,
transport, water and environment, energy and resources.

With a wealth
of experience, we have built more than a million homes in Singapore, crafted
master plans for more than 30 countries and developed over 100 industrial parks
globally, building homes and designing cities that are socially, economically
and environmentally sustainable, empowering communities to thrive.� For more information, please visit:
surbanajurong.com.