Chen Zhi Scholarship Jointly Launched by Prince Group and Ministry of Education Youth and Sport to Prepare Cambodian University Students For Post-Pandemic Future
Full tuition fees and stipends for 400 university students to advance sustainable development, financial inclusion and world-class hospitality; Awardees to get internship and employment opportunities at Prince Group
PHNOM PENH, CAMBODIA - Media
OutReach - 8 September 2021 - Prince Holding Group ("Prince
Group"), one of the largest conglomerates in Cambodia, has finalized a
memorandum of understanding (MOU) with the Ministry of Education Youth and
Sport (MoEYS) to launch a scholarship program for Cambodian university
students. Prince Group
will provide full tuition fees and stipends for 400 selected students to pursue
their Bachelor of Science degrees at top Cambodian universities including Royal
University of Phnom Penh, National University of Management, and Institute of
Technology of Cambodia. In total, Prince Group will provide over US$2 million
across seven years.
Chen Zhi Scholarship MOU Signing
Chen Zhi Scholarship MOU Signing
Prince Group Chairman Neak Oknha Chen Zhi in conversation with the MoEYS team
As public-private partnerships are
essential, Prince Group will work with the government to achieve the goals
outlined in the Education Strategic Plan (2019-2023). Prince Group will work with MoEYS to ensure
students get financial support, training, mentoring and work opportunities to
bolster learning in three areas: sustainable development of the real estate
sector; advancing financial inclusion and the digital economy in the banking
and finance industries, and the promotion of world class hospitality standards,
meeting the future human capital needs of the local economy.
Through internships, students will
learn from top professionals in Cambodia – Prince Group, which oversees more
than 80 businesses, possesses a diverse workforce with 20% of employees hailing
from places like Singapore, Malaysia and Greater China.
His Excellency Hang Chuon Naron, Cambodia's Minister of
Education Youth and Sport, commented:
"We welcome the cooperation of employers that take their role as educators
seriously. Cambodia's road to recovery will require bright young minds from all
parts of the country and MoEYS, along with its partners, will remove obstacles,
offer targeted guidance, ensure equitable access to education and work
opportunities to ensure talented students focus on learning and acquiring
skills that will be important for Cambodia's future."
"We are pleased to launch one of
Cambodia's largest scholarship programs sponsored by a private enterprise,"
said Gabriel Tan, Chief Communications
Officer of Prince Holding Group. "Prince Group's various units are excited
to welcome Cambodian students into our family as we will create strong
internship and management trainee programs to train, nurture and educate the
leaders of tomorrow. The Chen Zhi Scholarship seeks to provide both academic
and practical experience for the students, by providing both a first-rate
education and exposure to an international working experience."
The scholarship will be
spearheaded by Neak Oknha
Chen Zhi, Chairman of Prince Group, who was recently recognized as the
Entrepreneur of the Year among leaders of conglomerates at the 2021
International Business Awards, due to his business and corporate social
responsibility leadership over the course of the pandemic. Under Chen Zhi,
Prince Group follows a holistic environment, social and governance framework
(ESG) that aims to make a long-term impact in Cambodia. Prince Group has opened
the Prince Horology Vocational Training Center, Cambodia's first independent
watch school. The training center gives Cambodian youths the opportunity to
learn a new artisanal skill – watchmaking – and gain the necessary experience
to help them in job markets in Cambodia and abroad. In August this year, Prince
Group had also sponsored the Career Preparation Program run by Caring for
Cambodia, a leading charity, to help high school students. Prince Group will
continue to actively seek out ways to contribute to better educational outcomes
for Cambodians from all walks of life.
About Prince Holding Group:
Prince Holding Group is one of the
largest conglomerates in Cambodia, with its various units focusing on three
core areas: real estate development, financial services and consumer services.
Prince Holding Group's key
business units in Cambodia include Prince Real Estate Group, Prince Huan Yu
Real Estate Group, Prince Bank, Cambodia Airways, Belt Road Capital Management,
as well as Awesome Global Investment Group. Via its subsidiaries, Prince
Holding Group has over 80 businesses in Cambodia operating in real estate
development, banking, finance, aviation, tourism, logistics, technology, food
and beverages, and lifestyle sectors etc.
Rising foreign direct investment,
free trade agreements with leading countries and future participation in the
Regional Comprehensive Economic Partnership are expected to act as key drivers
for the Cambodian economy, supported by pro-industry policy initiatives by the
Leveraging a network of
industrial, business and financial professionals across Asia, Prince Holding Group
has laid the foundation to be a vital conduit for local and international
capital. The Group is firmly committed to the long-term development of
Cambodia. For example, Prince Holding Group is developing Ream City, an
upcoming tourism and residential project that will be one of Cambodia's first
sustainable real estate projects, aiming to secure $16 billion in total
investment for the region. Located conveniently within a 10-minute drive from
the Sihanoukville International Airport, the project aims to contribute to
economic recovery in Sihanoukville.
Moving forward, Prince Holding
Group will continue to seek out opportunities to play an important role in
Cambodia, through partnerships or direct investments into key industries for
the betterment of Cambodians and the local economy.