PHNOM PENH, August 16, 2024 — Singapore stands as a pivotal trade and investment ally for Cambodia, with investments channeling approximately $400 million into the Cambodian economy over the past five years.

Chea Vuthy, Secretary General of the Investment Committee of the Council for the Development of Cambodia, spotlighted Singapore's investment significance during the Singapore Business Forum 2024, held this morning at the Olympia Shopping Mall. He noted that investments from Singapore rank among the top ten sources of foreign direct investment in Cambodia, significantly contributing to sectors such as manufacturing, real estate, and hospitality.

The Secretary General pointed out that major companies like Keppel Infrastructure and Changi Airport International, alongside renowned brands such as Charles & Keith, Ya Kun, and 800 Super, are testament to how Singaporean capital is propelling Cambodia's growth.

Vuthy also detailed the key factors attracting Singaporean investors to Cambodia, including the nation's robust economic fundamentals, a young and skilled workforce, and strategic geographic positioning at the heart of the Mekong and Southeast Asia. Additionally, he highlighted Cambodia's involvement in various bilateral and multilateral trade agreements with major global markets.

Furthermore, he emphasized that Cambodia hosts 26 operational special economic zones, which collectively harbor over 700 investment projects worth more than $28 billion and have generated over 180,000 job opportunities.