Samanea (company)

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Samanea
IndustryWholesale and Trade
Founded2018
HeadquartersSingapore
Websitewww.samanea.com

Samanea is a multinational company that develops and manages large-scale trade centres across Asia. It was founded in 2018 and is headquartered at One Raffles Quay, Singapore. It aims to provide services for small businesses by building tenant warehouses, business hotels, office buildings, convention centres, and staff apartments around large-scale trade centres.[1]

Naming[]

The name Samanea is derived from the Latin name for rain tree. It is recognisable by its massive umbrella-shaped, widely spreading crown[2] that can reach 20 to 30 metres across. Samanea (company), used in their branding, implies that just like the rain tree, they provide well-rounded support for small-businesses growing nationwide and venturing overseas with their trading services platform.[3]

History[]

Samanea was founded in 2018 in Singapore.[4]

Projects[]

Cambodia[]

On 13 August 2020, Samanea began trial operations for Samanea Phnom Penh Market.[5]

Indonesia[]

Main article: Samanea Jakarta Market

Samanea Jakarta was a project by Samanea and CFLD International (Indonesia). The agreement of the 7.6 hectare land purchase was signed on 6 April 2019.[6][7] The second deal of the development on Tangerang New Industry City was successfully closed on 24 June 2020.[8] Trial operations for Samanea Jakarta Market began on 18 August 2020.[citation needed]

Malaysia[]

In 2019, a subsidiary of Samanea, Samanea Malaysia, invested RM20 million in Glo Damansara Mall, Kuala Lumpur, and launched a 180,000 square feet online-to-offline experience store.[9][10]

Myanmar[]

Main article: Samanea Yangon Market

The company invested more than US$80 million and developed Samanea Yangon with the permission of Myanmar Investment Commission and Yangon City Development Committee.[11] Trial operations for Samanea Yangon Market (Phase I) began on 8 August 2020 and officially opened in November 2020.[12] Phase II is still undergoing construction.

Thailand[]

On 29 August 2020, Samanea began trial operations for Samanea Bangkok Market.[5]

United Arab Emirates[]

Samanea and Dubai developer Meraas also signed an agreement in 2019 at the inaugural Big C Forum to develop a 570,000 square feet, $272 million mall near Dubai International City.[13][14][15]

References[]

  1. ^ 网易 (2020-05-12). ""后疫情时代"：布局新兴市场，抢抓外贸新出口". home.163.com. Retrieved 2021-04-01.
  2. ^ "An Avenue of Heritage Rain Trees". National Parks Board. Retrieved 2021-05-05.
  3. ^ "Home". Samanea. Retrieved 2021-05-05.
  4. ^ "新加坡投资"领跑"缅甸". www.shicheng.news (in Chinese). Retrieved 2021-04-01.
  5. ^ Jump up to: a b "中国市场学会批发市场发展委员会". www.cctmdc.com. Retrieved 2021-04-01.
  6. ^ Mediatama, Grahanusa (2019-05-07). "CFLD kerjasama dengan Samanea bangun pusat perbelanjaan di Tangerang". kontan.co.id (in Indonesian). Retrieved 2021-04-01.
  7. ^ Media, Kompas Cyber (2019-05-08). "CFLD International dan Samanea Kerja Sama Kembangkan TNIC". KOMPAS.com (in Indonesian). Retrieved 2021-04-01.
  8. ^ "Cooperation Agreement Signing between CFLD International and Samanea". Karawang New Industry City. 1 July 2020.
  9. ^ "Samanea brings competitive edge with diverse home living brands to Glo Damansara". iproperty.com.my. 2019-07-02. Retrieved 2021-04-05.
  10. ^ "China home living brand opens first outlet in SEA at Glo Damansara Mall". Edgeprop.my. Retrieved 2021-04-05.
  11. ^ "Samanea Yangon Market ရှိဆိုင်ခန်းများ ယခုနှစ်နိုဝင်ဘာလအတွင်း ဖွင့်လှစ်မည်". iMyanmarHouse.com. Retrieved 2021-04-01.
  12. ^ "Samanea Market to open in November". The Myanmar Times. 2020-08-20. Retrieved 2021-04-01.
  13. ^ "Singapore-based Samanea to build $272m mall in Dubai". Arabian Business. 22 April 2019.
  14. ^ "Hala China's Big C Forum sees Meraas sign MOU with Samanea Group for AED1 billion mall". www.meraas.com. Retrieved 2021-04-01.
  15. ^ Retail & Leisure International (2019-05-01). "Meraas and the Samanea Group to develop $272mn mall". Retail & Leisure International. Retrieved 2021-04-01.
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