Cambodia modernizes regulatory framework to drive foreign direct investment

Cambodia modernizes regulatory framework to drive foreign direct investment Cambodia is strengthening its legal and regulatory framework to attract investment, as highlighted by Permanent Deputy Prime Minister Vongsey Vissoth at a workshop on Regulatory Impact Assessment (RIA) and Good Regulatory Practice (GRP). Attended by around 500 officials, the workshop focused on improving regulatory efficiency to reduce business costs and strengthen the investment climate. Vissoth emphasized that legal reform is essential for economic growth, supporting investment, entrepreneurship, and competition, while calling for early impact assessments and domestic funding for reforms. Abigail Fryer of the British Embassy also underscored effective regulation as key to Cambodia's economic competitiveness. (Source: Khmer Times)

Cambodia and Saudi Arabia target FDI inflows to accelerate agro-processing integration Cambodia is actively seeking to enhance investment from Saudi Arabia, particularly in agro-processing, to add value to agricultural products and boost exports. During a meeting with Saudi Ambassador Thamer Mohammed A. Algosaibi, Senate President Hun Sen emphasized investment as central to bilateral relations and outlined priorities, including high-level exchanges and people-to-people connections. He highlighted the agro-processing sector as an area ripe for Saudi investment, aiming to elevate Cambodia's raw agricultural exports. Ambassador Algosaibi acknowledged the strengthening relationship and the potential for further cooperation in trade and investment, following discussions with Prime Minister Hun Manet on expanding economic ties across various sectors. (Source: Khmer Times)

Air Cambodia establishes integrated control hub to support fleet expansion Air Cambodia inaugurated its new Airline Operations Control Center (AOC) in Phnom Penh, a key step in its operational modernization and growth strategy. The AOC will enhance flight coordination, integrating real-time dispatch, maintenance support, and passenger services, thus improving safety and efficiency. Key attendees, including Mao Havannall, Minister in charge of the State Secretariat of Civil Aviation, emphasized the airline's transformation and contributions to Cambodia's connectivity and aviation sector. The AOC supports fleet modernization plans involving Boeing aircraft and COMAC C909 regional aircraft to bolster domestic and international routes. This initiative aims to enhance operational foundations for Air Cambodia's expansion and improved service delivery. (Source: Khmer Times)