Australian Business Delegation Eyes Investment in Key Sectors of Cambodia

• 21 February 2025
• Local News
• 641 Views

In a significant move to bolster economic cooperation, a delegation from the Australian Business Association has announced plans to invest in four pivotal sectors in Cambodia: trade, mining, ports, and agricultural technology. This initiative aims to enhance bilateral relations and support the country’s economic growth.

During a high-profile meeting held in Sydney on 17 February 2025 with Cambodia’s Minister of Trade, HE Cham Nimol, the delegation expressed its commitment to engaging with the Cambodian private sector. The New South Wales Business Association conveyed its eagerness to explore investment opportunities across several sectors, which promise potential for future collaborations.

Founded in New South Wales, the Australian Business Association boasts a rich history as the oldest in the country, representing over 100,000 members keen on fostering international partnerships.

The announcement comes on the heels of recent activities by the Council for the Development of Cambodia (CDC), which in January alone approved 68 investment projects totalling USD 748 million. While China remains the leading investor with a substantial 73.35% share, contributions from domestic sources, along with investments from Vietnam, the United Kingdom, Singapore, the United States, Australia, and Malaysia, are also noteworthy.

This strategic investment approach is poised not only to invigorate the Cambodian economy but also to cultivate mutually beneficial relations between Australia and Cambodia. As both nations look toward the future, this partnership opens doors for more joint ventures and collaborations in the years to come.

• Business and Market
• Cooperation and networking