Regus launch first serviced office in Cambodia

Regus, the world’s largest provider of serviced offices, has opened its first business centre in Cambodia to support international corporations in extending their reach to Southeast Asia.

The centre, which is to be opened in the capital Phnom Penh, expands Regus’ serviced office network to include over 1,200 offices across 99 countries.

Cambodia is expected to build on its current economic success, with GDP growth projected to reach 6-7% for 2012-2013.

Mark Dixon, CEO of Regus, said: “By launching in Cambodia, Regus is opening doors for both local and international companies, offering them a flexible, low-risk route for growth.

“Our workspace in Phnom Penh will allow businesses to explore the opportunities presented by Cambodia’s flourishing economy without the burden of upfront investment in property or a lease on fixed premises. We believe this is the ideal way for companies to grow in these more challenging economic times.

The country – which holds one of the best economic records (per capita) in Asia – has seen 10 consecutive years of economic growth around 6%, driven by its burgeoning textiles, agriculture, tourism and construction sectors.

Dixon continued: “With sectors like tourism, construction, transport and finance all performing well in Cambodia, as well as good prospects for textile and garments export growth, the opportunities in Cambodia are widespread. Our presence here will help companies take advantage of these opportunities.”

World Bank growth estimates put Cambodia among the top 20 “hottest economies in the world” recently, with the start of commercial oil extraction in 2013 expected to give a further boost to the country’s already blossoming economic landscape.