Overseas Cambodian Investment Corporation

Overseas Cambodian Investment Corporation, commonly known as OCIC, is a Cambodian family-owned conglomerate established in 2000 by businessman Pung Kheav Se. It operates as the non-financial investment arm associated with Canadia Group and has become one of Cambodia’s significant private-sector developers. Its activities extend across real estate, construction, infrastructure, education, healthcare, and hospitality. OCIC’s growth has been closely tied to the transformation of Phnom Penh and other Cambodian urban areas. In its earlier years, the company participated in housing, retail, and commercial projects, including the Chamkarmon City and Rose Garden residential developments and Sorya Center Point, a Phnom Penh shopping complex that opened in 2003. It also pursued selected partnerships with foreign companies, including a cooperation with Malaysia’s Sunway Group on the Sunway Toul Kork residential project. From the mid-2000s, OCIC increasingly concentrated on large, integrated developments rather than individual buildings. The development of Koh Pich, or Diamond Island, began in 2006 and became one of the company’s best-known urban projects. The district has been associated with residential, office, retail, entertainment, and civic uses, and helped establish OCIC as a major participant in Phnom Penh’s large-scale city-making. The company also developed or participated in projects such as Chroy Changvar Bay, Olympia City, Norea City, and TIA City. Canadia Tower, completed in 2009, added a prominent office and mixed-use asset to the group’s Phnom Penh portfolio. The company has also undertaken infrastructure work, including roads, bridges, and flyovers. Through Cambodia Airport Investment Co., Ltd. (CAIC), OCIC became the principal private-sector developer of Techo International Airport, Phnom Penh’s major international airport project. The airport was developed through a joint venture structure involving OCIC and Cambodia’s State Secretariat of Civil Aviation, with OCIC holding the majority stake described in reference material as 90 percent and the state body holding 10 percent. The airport opened in 2025 according to the cited reference material. OCIC has diversified beyond property and infrastructure. Its education-related portfolio includes the Canadian International School of Phnom Penh, École Française Internationale de Phnom Penh, CamTech University, Aspen Learning Academy, and Norea International School. In healthcare, the group established Intercare Hospital in 2020. Its hospitality interests include Dara Hotels, Independence Hotel, and Angkor Green Gardens. These businesses give OCIC a broad operating profile spanning physical development, public infrastructure, schools, healthcare facilities, and accommodation. OCIC is therefore best understood as a diversified Cambodian development group rather than a consumer-facing product brand. Its identity is primarily connected with major projects, affiliated companies, and the long-term expansion of Phnom Penh’s built environment. Publicly available reference material does not establish a stock-market listing, a standalone public website, or a complete current executive roster.

OCIC was founded in 2000 by Pung Kheav Se as the non-financial investment and operating arm of Canadia Group. Its initial role was to lead investments outside traditional financial services, particularly in property development and urban construction. The company’s early portfolio included housing projects in Phnom Penh such as Chamkarmon City and Rose Garden. It also participated in commercial development, including Sorya Center Point, which opened in 2003, and entered selected international collaborations such as the Sunway Toul Kork residential project with Malaysia’s Sunway Group. During the second half of the 2000s, OCIC shifted toward larger urban districts and landmark assets. Development of Koh Pich began in 2006. The project became a major example of Phnom Penh’s large-scale urban redevelopment and incorporated a broad mixture of residential, commercial, office, entertainment, and public-oriented uses. OCIC also became involved in projects in Chroy Changvar and other parts of Phnom Penh. Canadia Tower, completed in 2009, represented the group’s expansion into major office and mixed-use property. The company subsequently broadened its sectoral reach. In education, it established the Canadian International School of Phnom Penh in 2012 and later became associated with École Française Internationale de Phnom Penh, CamTech University, Aspen Learning Academy, and Norea International School. In healthcare, it established Intercare Hospital in 2020. Its hospitality-related interests include Dara Hotels, Independence Hotel, and Angkor Green Gardens. Infrastructure has remained a central part of OCIC’s activities. The group has participated in the delivery of roads, bridges, and flyovers in Cambodia. Its most prominent infrastructure role has been through Cambodia Airport Investment Co., Ltd. (CAIC), the vehicle associated with the development of Techo International Airport. The airport project was structured as a joint venture in which OCIC held 90 percent and the State Secretariat of Civil Aviation held 10 percent, according to the cited reference material. Techo International Airport opened in 2025. OCIC’s history reflects the growth of a Cambodian family-owned development group from a property-focused investment arm into a diversified platform spanning urban districts, construction, public infrastructure, schools, healthcare, and hospitality. Its projects are concentrated in Cambodia, especially Phnom Penh, and its public profile is more strongly tied to development assets and affiliated operating companies than to a packaged consumer offering.

• 2025

  Techo International Airport opens

  [1]Overseas Cambodian Investment Corporationen.wikipedia.org

  CAIC, associated with OCIC, developed Techo International Airport, which opened in 2025 according to the cited reference.

• 2020

  Intercare Hospital established

  [1]Overseas Cambodian Investment Corporationen.wikipedia.org

  The group expanded into healthcare with the establishment of Intercare Hospital.

• 2012

  Canadian International School of Phnom Penh established

  [1]Overseas Cambodian Investment Corporationen.wikipedia.org

  OCIC entered the education sector through the establishment of the Canadian International School of Phnom Penh.

• 2009

  Canadia Tower completed

  [1]Overseas Cambodian Investment Corporationen.wikipedia.org

  Canadia Tower was completed as a major office and mixed-use asset associated with OCIC.

• 2006

  Koh Pich development begins

  [1]Overseas Cambodian Investment Corporationen.wikipedia.org

  OCIC began developing Koh Pich, a large mixed-use urban district in Phnom Penh.

• 2003

  Sorya Center Point opens

  [1]Overseas Cambodian Investment Corporationen.wikipedia.org

  OCIC participated in early commercial and retail development through Sorya Center Point in Phnom Penh.

• 2000

  OCIC founded

  [1]Overseas Cambodian Investment Corporationen.wikipedia.org

  Pung Kheav Se founded OCIC as the non-financial investment arm associated with Canadia Group.

A diversified Cambodian private development group associated with large-scale urban projects, infrastructure delivery, and investments in education, healthcare, and hospitality.

• Urban development · 2006

  Koh Pich

  A large mixed-use urban district in Phnom Penh whose development began in 2006. The project is associated with residential, office, retail, entertainment, and other city-building functions and is among OCIC’s best-known development initiatives.

• Urban development

  Chroy Changvar Bay

  A major urban development project associated with OCIC in the Chroy Changvar area of Phnom Penh. Public reference material identifies it as part of the group’s portfolio of large-scale district-making projects.

• Mixed-use real estate

  Olympia City

  A Phnom Penh development included among OCIC’s urban and property projects. The available reference identifies the project but does not provide a complete account of its components, construction phases, or current operating status.

• Urban development

  Norea City

  A large-scale Cambodian urban development associated with OCIC. It forms part of the group’s expansion into district-level property and city infrastructure projects.

• Airport infrastructure · 2025

  Techo International Airport

  Phnom Penh’s major international airport, developed through Cambodia Airport Investment Co., Ltd. in a joint venture involving OCIC and the State Secretariat of Civil Aviation. The airport opened in 2025 according to the cited reference material.

• Education · 2012

  Canadian International School of Phnom Penh

  An international education institution established in 2012 and associated with OCIC’s expansion into schools and education services.

• Healthcare · 2020

  Intercare Hospital

  A healthcare facility established in 2020 as part of OCIC’s diversification into medical services and healthcare infrastructure.

• Retail and commercial property · 2003

  Sorya Center Point

  A Phnom Penh commercial and retail development in which OCIC participated during its early expansion. It opened in 2003.

• Office and mixed-use property · 2009

  Canadia Tower

  A prominent office and mixed-use asset associated with OCIC and completed in 2009.

• 2025

  Techo International Airport developmentOther

  Background

  Cambodia required a major new international airport serving Phnom Penh and the surrounding region.

  Action taken

  Through Cambodia Airport Investment Co., Ltd., OCIC participated as the majority private-sector partner in the airport development joint venture.

  Aftermath

  Techo International Airport opened in 2025, extending OCIC’s role from urban property development into nationally significant airport infrastructure.

  Source

• 2020

  Expansion into healthcareStrategy

  Background

  The group continued diversifying its operating portfolio beyond development and construction.

  Action taken

  OCIC established Intercare Hospital.

  Aftermath

  Healthcare became an additional sector in the group’s portfolio.

  Source

• 2012

  Diversification into educationStrategy

  Background

  OCIC sought to expand beyond property and construction into long-term service sectors.

  Action taken

  The group established the Canadian International School of Phnom Penh and subsequently became associated with additional education institutions.

  Aftermath

  Education became one of OCIC’s identified business areas alongside infrastructure, property, healthcare, and hospitality.

  Source

• 2006

  Move toward large-scale district developmentStrategy

  Background

  OCIC had already participated in housing and retail projects and sought a larger role in Phnom Penh’s urban expansion.

  Action taken

  The company began developing Koh Pich and later pursued other large urban projects, including Chroy Changvar Bay, Olympia City, and Norea City.

  Aftermath

  OCIC became identified with major district-level developments and landmark urban projects in Cambodia.

  Source

• 2000

  Creation of a non-financial investment armStrategy

  Background

  Canadia Group required a vehicle to manage investments and operating activities outside financial services.

  Action taken

  Pung Kheav Se established OCIC to lead real estate, infrastructure, and other non-financial business activities.

  Aftermath

  The structure provided the basis for OCIC’s later diversification into urban development, construction, education, healthcare, and hospitality.

  Source

1. 1Overseas Cambodian Investment Corporationen.wikipedia.org