World Bank Pledges Support for Cambodia’s Development as a Regional Logistics Hub

In a significant commitment to Cambodia’s economic growth, the World Bank has announced its support for its ambition to become a competitive logistics hub in the region. This announcement was made by Ms. Tania Meyer, the World Bank Country Director for Cambodia, during a videoconference focused on the methodology and processes for gathering data related to the Logistics Performance Index (LPI) on 4 February 2025.

HE Sun Chanthol, Deputy Prime Minister and Chairman of the National Logistics Council praised the World Bank experts for their comprehensive insights into the LPI. He emphasized the importance of continued collaboration among stakeholders and called for ongoing support from the World Bank to enhance Cambodia’s logistics sector.

Ms. Meyer reiterated the World Bank’s commitment to partnering with the Royal Government of Cambodia, emphasizing the shared goal of promoting the country as a logistics hub with substantial potential and regional competitiveness.

This initiative aligns with the Royal Government’s strategic focus on the transport and logistics sector, which was identified as a top-priority area for implementing a Public-Private Partnership Project from 2025 to 2035. The government has earmarked this sector, alongside energy and public services, as crucial for driving economic growth and attracting high-level investments. (Read more)

As Cambodia embarks on this transformative journey, the collaboration between the government and the World Bank is expected to bolster the logistics infrastructure, paving the way for increased economic opportunities and regional integration.

- Video Advertisement -

Related Post

Cambodian Government Extends Property Tax Exemptions for New Cities and Agricultural Land

In a significant move to support economic growth and agriculture, the Cambodian government has announced the extension of property tax exemptions and reductions for specific areas across the country. According to Letter No. 6402 from the General Department of Taxation, property tax exemptions will apply to newly established cities and unused agricultural land exceeding 5 […]

Sihanoukville Sees Investment Surge: State Incentives Revive Stalled Projects

Sihanoukville Province is rejuvenating its investment climate with special incentives for 269 stalled projects, totaling around USD 6.669 billion. This move is set to boost local business activities. During their recent meeting on February 25, the Investment Promotion Working Group announced additional incentives for 14 more projects this month, demonstrating their dedication to enhancing investment […]

Cambodia Implements EURO 5 Fuel Standards to Combat Air Pollution

In a significant move to tackle air pollution, the Royal Government of Cambodia has announced the implementation of EURO 5 fuel standards, set to take effect in 2025. This initiative aims to enhance air quality and protect public health by regulating fuel emissions. According to the official announcement, two key decisions have been made: the […]

Cambodia Government Facilitates Import Exemptions for Construction Projects

In a significant move to boost investment in the construction sector, the Cambodian government has announced a new procedure to exempt imports of construction materials from customs duties, special taxes, and state-paid value-added tax. This initiative targets investment projects registered with the Capital-Provincial Investment Subcommittee and is detailed in Inter-Ministerial Prakas No. 070 MEF.Prokas, issued […]

Ministry of Public Works and UN Unite to Halve Road Traffic Accidents in Cambodia by 2030

In a significant effort to improve road safety, the Ministry of Public Works and Transport of Cambodia has partnered with the United Nations (UN) to achieve an ambitious goal: reducing road traffic fatalities and injuries by 50% by the year 2030. This partnership was formalised during a high-level meeting between HE Peng Purna, Minister of […]

Cambodian Government Collaborates with Private Companies to Strengthen Railway Infrastructure

The Royal Government of Cambodia, through the Ministry of Public Works and Transport, has decided to sign a Framework Agreement with Royal Railway PLC (RRPLC) to jointly enhance and develop Cambodia’s railway system. The signing ceremony took place on February 13, 2025, with Mr Peng Po Nea, Minister of Public Works and Transport, and Oknha […]