Cambodia's air transport policy targets 25 million passengers by 2035

Economy and Industry

Cambodia's air transport policy targets 25 million passengers by 2035 The Cambodian government has approved the National Policy on Air Transport 2025-2035, aiming to attract 25 million air passengers by 2035. This policy seeks to enhance domestic, regional, and global air connectivity while fostering fair business opportunities in the civil aviation sector. The initiative aligns with Cambodia's broader goals of sustainable and resilient air transport development. According to the State Secretariat of Civil Aviation (SSCA), the goal for 2025 is to boost air passenger numbers to 7.5 million and handle 80,000 tonnes of cargo. In the previous year, the three major international airports - Phnom Penh International, Siem Reap Angkor International, and Sihanoukville International - collectively accommodated 6.24 million passengers, reflecting a 22% increase compared to the year before, as highlighted in the SSCA's report. (Source: Khmer Times)

Sihanoukville SEZ: A catalyst for economic growth and job creation The Sihanoukville Special Economic Zone (SSEZ) has emerged as a vital driver of economic growth in Cambodia, creating over 32,000 jobs and improving local livelihoods. Spanning 11.13 square kilometers, the SSEZ is a flagship project under China's Belt and Road Initiative. The SSEZ represents the strong bond between Cambodia and China in Preah Sihanouk province. It has close ties with the Sihanoukville Institute of Business and Technology (SIBT), contributing to the development of a skilled local workforce. Presently, 202 companies from regions such as China, Europe, the United States, ASEAN, and others operate in the zone. These businesses make up approximately 70% of the province's factories, emphasizing the SSEZ's pivotal role in advancing regional industrialization. The zone's strategic location near key transport hubs enhances its appeal as an international investment hub. (Source: Khmer Times)

Cambodia strengthens efforts to improve business environment Cambodia is intensifying efforts to enhance its business environment and attract foreign investment. The government has introduced digital transformation initiatives, such as the Cambodia Investment Project Management System, to streamline investment applications. Key advantages for investors include political stability, a young workforce, and developed infrastructure. The Council for the Development of Cambodia (CDC) continues to promote private sector growth through favorable investment laws and nationwide connectivity improvements. During the first quarter of 2025, Cambodia approved 172 investment projects, with nearly 80% of them being led by Chinese investors, as reported by the CDC. These measures aim to position Cambodia as a competitive destination for global businesses. (Source: Khmer Times)

Corporate News

Grab and Charge collaborate to promote EV adoption in Cambodia Grab and Charge have partnered to accelerate electric vehicle (EV) adoption and promote sustainable mobility in Cambodia. As part of this collaboration, Grab's EV driver-partners will benefit from special discounts on charging rates at Charge+ stations, reducing their operating expenses and enhancing the appeal of EV ownership. The signing of the MoU represents a key milestone in advancing Cambodia's EV ecosystem, supporting the nation's objectives to encourage clean transportation and cut carbon emissions. Additionally, Charge+ will incorporate Grab's driver ecosystem into its charging network, providing smooth access to cost-effective and efficient charging options. The initiative supports Grab's commitment to zero-emission transportation and integrates advanced technology to enhance driver and passenger experiences. (Source: Khmer Times)

Stock Market

CSX index slides 0.51% amid broad-based declines The CSX index fell by 0.51%, closing at 404.7 points. On the Main Board, GTI (+0.63%), ABC (+0.57%), and MJQE (+0.48%) posted modest gains, while PEPC (-1.54%), PAS (-1.36%), CGSM (-1.24%), PPSP (-0.47%), and PWSA (-0.32%) recorded declines. PPAP closed unchanged. On the Growth Board, DBDE slipped by 0.48%, while JSL ended the session unchanged. The day saw a total trading volume of 84,873 shares, generating a turnover of KHR 432 million. (Source: YSC Research)

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