Rolls-Royce to open luxury car showroom in CambodiaBy AP News Jun 10, 2014 10:43AM UTC
PHNOM PENH, Cambodia (AP) — Fabled luxury car maker Rolls-Royce will soon be marketing its goods in one of the world’s poorest countries.
Rolls-Royce Motor Cars announced Monday that it has joined with a Cambodian business partner to open a showroom in the Cambodian capital next month.
Rolls-Royce Asia-Pacific regional manager Paul Harris said his company signed a deal with HGB Group Co., Ltd. because it believed demand would grow along with Cambodia’s economy.
Cambodia’s average per capita annual income is about $2,600, a bit less than 1 percent of the cost of the cheapest Rolls-Royce. However, a small but wealthy elite lives in the capital of the mostly rural nation.