Grab Expansion Spells Confidence in Cambodia Rebound
Phnom Penh, Cambodia, 23 November 2021 – Grab, Southeast Asia’s leading superapp, is highlighting the company’s confidence in Cambodia’s economic rebound by investing in new facilities to expand and grow the business in the wake of Covid 19. According to […]
Phnom Penh, Cambodia, 23 November 2021 – Grab, Southeast Asia’s leading superapp, is highlighting the company’s confidence in Cambodia’s economic rebound by investing in new facilities to expand and grow the business in the wake of Covid 19.
According to Grab, the company has pushed ahead with its expansion plans thanks to the Royal Government of Cambodia’s effective handling of the country’s response to Covid 19. Grab also cites the execution of the government’s successful vaccination campaign–resulting in the vaccination of nearly 88% of the country’s population to date— as well as the recently announced reopening of the country to vaccinated travelers, as promising signs of a fast recovery.
Grab’s expansion includes a new office in Tuol Kork, a rapidly developing district of Phnom Penh. This will more than double Grab’s office space, enabling it to better serve its driver- and merchant-partners.
“The whole world has taken somewhat of a ‘forced break’ during Covid 19”, said Grab Cambodia Country Manager Corentin Rouxel. “However, thanks to the effective leadership of the Cambodian government, the country looks set to rebound. We, at Grab, are very optimistic about Cambodia’s future, which is why we are excited to continue with our expansion plans.”
“During Covid-19, Grab was particularly active in providing protection for consumers and driver-partners alike”, added Rouxel. “We have distributed over a million face masks to driver-partners across the region, have supported governments’ vaccination programs, and have promoted cashless payments to limit contact between consumers and driver-partners. We have also provided financial assistance, insurance and income protection for our driver-partners in case of quarantine or hospitalisation.”
“Now, with Covid-19 having been successfully managed in Cambodia, it is time to move on to the next stage and help the country recover and reach new heights”, continued Rouxel.
Present in Cambodia since 2017, Grab has become a key player in the ride hailing market, and embarked on numerous projects with the Royal Government of Cambodia, international development agencies and the private sector to help improve road safety and traffic management and support sustainable urban mobility projects.
Some of the projects Grab has embarked upon in Cambodia include a partnership with Ministry of Public Works and Transport to raise transport safety standards for the industry and to assist the ministry’s ongoing efforts to promote safe driving and road use across the Kingdom; working with the government’s Anti-Corruption Unit to adhere to stringent business ethic and to support the long term development of Cambodia; working with Impact Hub to grow and foster Cambodia’s startup ecosystem by becoming engaged in local dialogues on building Cities of the Future and an Urban Mobility Incubator; and working with the United Nations Development Fund (UNDP) to enhance safe and clean transport for all by initiating a 3-year Sustainable Urban Mobility for All Initiative (SUMAI) aimed at improving availability and quality of transport data in Phnom Penh to better inform policies and decisions in support of sustainable and smart urban transport solutions.
Other such past initiatives have included the unveiling of Grab for Business, enabling companies and organisations to easily and efficiently facilitate and pay for transport options for their staff; sponsorship of safety helmets and reflection stickers to the Ministry of Public Works and Transport; and a donation campaign for Kantha Bopha children’s hospital.
Grab is a leading superapp in Southeast Asia, based on GMV in 2020 in each of food deliveries, mobility and the e-wallets segment of financial services, according to Euromonitor. Grab operates across the deliveries, mobility and digital financial services sectors in over 400 cities in eight countries in the Southeast Asia region – Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam. Grab enables millions of people each day to access its driver- and merchant-partners to order food or groceries, send packages, hail a ride or taxi, pay for online purchases or access services such as lending, insurance, wealth management and telemedicine, all through a single “everyday everything” app. Grab was founded in 2012 with the mission to drive Southeast Asia forward by creating economic empowerment for everyone, and since then, the Grab app has been downloaded onto millions of mobile devices. Grab strives to serve a double bottom line: to simultaneously deliver financial performance for its shareholders and a positive social impact in Southeast Asia.