Cambodia and Germany Partner to Boost Enterprise Competitiveness with €8 Million Phase II Agreement

• Proeksa Meas
• 20 October 2026
• Construction Focus
• 683 Views

Cambodia and Germany are stepping up their economic collaboration to foster private-sector growth and elevate national competitiveness. The Council for the Development of Cambodia and the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), acting on behalf of the German Federal Government, have officially signed an implementation agreement for the second phase of the Improved Competitiveness of National Enterprises project, known as ICONE II, backed by a budget of €8 million.

The agreement was formalized on October 8, 2026, featuring Senior Minister Chhieng Yanara, Second Vice-Chairman of the Council for the Development of Cambodia, alongside Hans-Juergen Cassens, Project Manager of ICONE II at GIZ representing the German government.

According to the Council for the Development of Cambodia, this second phase spans four years, from 2026 to 2030, and is supported by a total allocated funding of €8 million. Both nations regard this initiative as a testament to their enduring commitment to driving private sector development. The project focuses heavily on boosting investment, enhancing productivity, nurturing medium and large enterprises, and fostering entrepreneurship. Furthermore, it aims to create avenues for stronger partnerships between local investors and international counterparts—particularly from Europe—while simultaneously expanding export capabilities and sharpening Cambodia’s competitive edge on the global stage. (read more)

• CDC
• GIZ
• Germany's aid