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CAMBODIA’S ECONOMY & INVESTMENT INCENTIVES

Located in the center of ASEAN, Cambodia is the future gateway to Asia. Cambodia has experienced remarkable economic growth, with annual GDP growing at an average annual rate of more than 7% over the past 15 years, with construction and real estate being two of the key pillars of the economy.

Cambodia has an open, liberal economy and foreign investment regime with a pro-investor legal and policy framework. Investment incentives available to foreign investors include 100% foreign ownership of companies, corporate tax holidays, duty-free import of capital goods and no restrictions on capital repatriation.

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ISI GROUP LEADERSHIP

ISI GRoup leadership

founders

Lok Chumteav Khun Heang & Lok Okhna Kang Meng Huy

Founders

Within ISI GROUP, we pay deep respect and tribute to our founders. Together, husband and wife pair, Lok Oknha Kang Meng Huy and Lok Chumteav Khun Heang laid the foundations for who we are and what ISI GROUP has turned into today. Our founders are humble, hardworking and honest people with a vision of a better Cambodia. They dedicated their lives to creating and innovating, finding solutions to problems most people would not have even realized existed. They set the values and are the role models upon which the company’s management continue to build ISI GROUP and are at the root of why ISI GROUP has continued to grow and thrive for more than 20 years.

Lok Oknha Kang Meng Huy and Lok Chumteav Khun Heang formed ISI GROUP in 1997 with the founding business, International Steel Industrial, which was a color roofing sheet former. In 2001, our founders established their second business, Raksmey Phnom Penh Steel Industrial, Cambodia’s first steel pipe making factory, leading the way for the industry in the Kingdom. In 2006, these two companies merged to become ISI STEEL, as we know the company now. Today, ISI STEEL is one of Cambodia’s most trusted and successful companies.

Lok Chumteav Khun Heang is also the Founder of ISI GROUP’s KMH Foundation, which was set up in honor of Lok Okhna Kang Meng Huy.

ISI GROUP LEADERSHIP

ISI GRoup leadership

executive leadership

Mr. Kang Leng

CEO, ISI GROUP & CEO, ISI STEEL

Cambodian born Kang Leng, CEO of ISI GROUP, spent a decade gaining international exposure, experience and education in Singapore and Australia. Leng first studied Bachelor of Commerce (Accounting and Marketing) and went on to complete a Master of Commerce (in Organizational Management) both at the University of New South Wales. Afterwards he worked as a Capital Gain Tax Accountant in States Street, Sydney, for two years.

Returned to Cambodia in 2009 with a passion for entrepreneurship that creates positive impacts and contributions to society, Leng first joined ISI GROUP as an assistant to the Founder. He became Managing Director of ISI STEEL, the founding company of ISI GROUP, in 2011 after having successfully transformed various functions such as the Operations, Accounting & Finance, Procurement, Sales and Marketing. He then became CEO of ISI GROUP in 2017, where he sits today.

Mr. Kang Leng

CEO, ISI GROUP & CEO, ISI STEEL

Ms. Kang Chanbopha

Director of the Board, ISI STEEL & National Sales Manager, ISI STEEL

Ms. Kang Chanbopha has been contributing to ISI STEEL and ISI GROUP since their formation. As a result of her extensive work experience in teams within the company, she has developed specialist knowledge across the steel and construction industry. Currently, Ms. Chanbopha leads ISI STEEL’s sales department nationally.

Ms. Kang Chanbopha

Director of the Board, ISI STEEL & National Sales Manager, ISI STEEL

Mr. Kang Hok

Director of the Board, ISI GROUP & Founder and Managing Director of Urbanland Investment Co., Ltd

Born in Phnom Penh, Mr. Hok Kang received Architecture and Entrepreneurship degrees at University of St. Louis, Washington in 2005. Upon his graduation, he joined a design company, Kengo Kuma and Associates in Tokyo, Japan in 2010. Soon after he returned to Cambodia and began his own practice, Hok Kang Architects, winning several awards for residential and commercial developments such as Embassy Residences, Embassy Central and Raintree respectively. In 2013, Hok founded Urbanland, a pioneering and trusted real estate developer that leads change in Cambodia.

He is co-founder of Cambodia’s leading coffee chain, BROWN, and he sits in the board of ISI GROUP to provide strategic direction and insight. Urbanland is part of ISI GROUP’s property development division.

Mr. Kang Hok

Director of the Board, ISI GROUP & Founder and Managing Director of Urbanland Investment Co., Ltd

Mr. Kang Sen

Director of the Board, ISI GROUP & Managing Director, Fuxin

Graduated with a BA in Civil Engineering and MA Construction Project Management from Australia, Mr. Kang Sen returned to Cambodia in 2011 with a passion to help transform the construction industry. He founded Fuxin Steel Buildings in 2012, Cambodia’s first and biggest pre-engineered steel building company. In 2017, Mr. Kang Sen co-founded Mekong Homes, an affordable housing project that aims to improve the lives of rural Cambodians. As Managing Director of Fuxin, he focuses on promoting modular precast construction and is committed to promoting steel industry and the application of steel in construction. Fuxin held Cambodia’s first ever international Steel Forum in May 2018, which was attended by more than 300 high profile, international guests. Mr. Kang Sen sits in the board of ISI GROUP and provides expertise on strategic direction.

Mr. Kang Sen

Director of the Board, ISI GROUP & Managing Director, Fuxin

Mr. Kang Somnang

Director of the Board, ISI GROUP & Assistant CEO, ISI STEEL‍

Educated in Singapore, receiving BA. Economics and Information Systems, Mr. Kang Somnang has been with ISI STEEL for over 6 years. During this time, he has gained experience across departments including warehouse & production, IT and Marketing. In 2012, he led the implement the ERP platform, which is still used today. In 2018, Somnang led the incorporation of Soundskool, Cambodia’s leading music educator and instrument retailer, into ISI GROUP, marking the creation of their new Investment division. Previously, Somnang held the role of Marketing Director and has recently been appointed as Assistant CEO.

Mr. Kang Somnang

Director of the Board, ISI GROUP & Assistant CEO, ISI STEEL‍

Mr. Narath Veasna

Chief Officer - People & Operations, ISI GROUP

Veasna currently serves as Chief Officer - People & Operations at ISI GROUP. His professional and business experiences include general management and operations, business advisory and strategy development, education and human resources. Prior to ISI GROUP, Veasna was a Chief Officer and a founding ExCo Member of a UK-based life insurance company, assisting them with the establishment of business in Cambodia. His other past positions include Chief Operating Officer, Head of HR and Executive Manager, mostly in multinational corporations. Veasna had also been through the entrepreneurial and start-up journey, having served as the Co-GM of a business incubation center, sat on the Board of an MFI, started up a Cambodian Technology company in Laos, and invested in some business ventures. Veasna was educated in Cambodia, with executive HR and Risk credentials from Japan and the UK, and used to work in Laos and Singapore, where his portfolio covered other countries in the ASEAN region.

Mr. Narath Veasna

Chief Officer - People & Operations, ISI GROUP

Mr. David Sok Dara Marshall

Chief Financial Officer, ISI GROUP

David has worked in finance for over 20 years and executive positions including Head of Corporate & Institutional Banking, Head of Transaction Banking, Chief Risk Officer, Head of Financial Institutions, Head of SME and Mortgages at ANZ Royal Bank, Sathapana Bank and previously TD Canada Trust and Canadia Bank.  In addition, he worked as a Partner in a boutique investment and finance consulting firm, Mekong Strategic Partners, for a year and a half.  He holds a bachelor in Sociology, as well as credentials from the Canadian Securities Institute in the investment and securities fields.  David has significant experience in structuring financial transactions and capital structuring.

Mr. David Sok Dara Marshall

Chief Financial Officer, ISI GROUP

Ms. Sarah Cowley

Corporate Communications Manager, ISI GROUP

Sarah has 10 years’ experience across Global Communications, Project Management & Human Resources. Showcasing an international career, Sarah has lead teams in Australia, Asia, North and Central America to create sustainable change in projects and businesses across the private sector, international non-government organizations and start-ups. She has been a selected guest speaker at the United Nations in New York (2017), was awarded Young Woman of the Year (2018) and is a Rotary Global Grant Scholar. Sarah also sits on the board of the Sherry-Hogan Foundation, an Australian foundation that supports and empowers local, community-based organizations. Sarah holds a BA Social Science from the University of Queensland and a MA International Law & Human Rights from the United Nations University for Peace.

Ms. Sarah Cowley

Corporate Communications Manager, ISI GROUP

ISI GRoup leadership

Independent advisors & consultants

H.E. Dr. Sok Siphanna

Advisor

Managing Partner at Sok Siphanna & Associates and advisor to the Council for Development of Cambodia, Dr. Sok has unique experiences and insights related to the development of the Cambodian legal system, the business environment and the intricacy of the commercial and investment law evolution in Cambodia. His vast hands on experience as a former Commerce Secretary of State (Vice Minister) in the Cambodian Government, where he worked extensively on issues related to commercial and investment legal framework, trade promotion, trade policies, trade development, and economic integration, gives him a unique perspective on both the macro and micro needs of businesses and foreign investors alike. In the area of policy formulation and policy mainstreaming he was responsible for leading a large multidisciplinary inter-agency task force to prepare complex action plans (including the National Legislative and Regulatory Agenda) and to negotiate successfully Cambodia's accession to the WTO. He was also instrumental in initiating the development of the first ever trade Sector Wide Approach (SWAp) for Cambodia. He was responsible not only for the preparation of the various commercial laws currently in force in Cambodia, but also for their defence in front of the Council of Ministers, the National Assembly and the Senate. H.E. Dr. Sok Siphana is advising ISI GROUP on overall business strategy, with particular focus on legal framework.

H.E. Dr. Sok Siphanna

Advisor

Mr. Yoshida Eisaku

Advisor

With more than 47 years’ experience, Mr. Yoshida Eisaku is a pioneer in the steel business and is a mentor to Mr. Kang Leng. Mr. Eisaku’s work experience includes Yodogawa Steel, Osaka, Japan and 15 years for SYSCO, Tawian. SYSCO was the first coated steel mill in Taiwan and under his leadership, Mr. Eisaku transformed the company into a benchmarking steel company in Taiwan. His philosophy guided the making of SYSCO and included using international levels of quality and service, improving safety, increasing transparency and valuing, training and developing staff. With these in place, SYSCO obtained international standards like JIS ISO and other credits, received national safety awards and grew to be the industry leader that it still is today.

Mr. Yoshida Eisaku

Advisor

Mr. Michael Goh

Advisor

Mr. Michael Goh has 30 years’ experience with financial institutions in charge of Asia Pacific region. His key areas of expertise are in Corporate Governance, Risk Management & Strategic Operations and Corporate Finance-Investment Banking.

Currently Mr. Goh is the Founder and Chairman of 3E-Fii Group which specializes in Corporate Financial Solutions for emerging markets in Asia. The Group provides (1) Finance Services: Accounting, Audit and Tax Advisory (2) Business and Financing Advisory: Business Strategy & Financial Management, Structured Capital Market Financing (3) Corporate Finance: Valuation Due Diligence for M&A supported by research. In addition, together with his team, they provide Customised Financial Training, Executive Search for their corporate clients, and Cross Border Wealth Management Services via his overseas strategic partners.

Mr. Goh also provides Board-Director role service to a risk management association, MDFIs in emerging markets, financial institution and family conglomerate group. He has held Executive Management positions in financial institutions including AIG Group and Standard Chartered Bank, Credit Agricole CIB, ABN Bank and BEA Hong Kong Bank. Mr. Goh has also led mentoring and training initiatives with global rating agencies across Asia and Europe.

Mr. Michael Goh

Advisor

Mr. Wei Hung Long

Consultant

Representing China Productivity Center (CPC), Mr. Wei has been working on Total Quality Management (TQM), with the implementation of 5S (Sort, Set in Order, Shine, Standardize, and Sustain) program, a management approach for long-term success. A 5S program focuses on having visual order, organization, cleanliness and standardization. The results from the program are: improved profitability, efficiency, service and safety.  ISI STEEL is successfully operating under the 5S model with great results.

Mr. Wei Hung Long

Consultant