The commitment was made by H.E. Dr. PARK Jung-Wook, Ambassador of ROK to Cambodia, while paying a courtesy call on H.E. Sun Chanthol, Senior Minister and Minister of Public Works and Transport, at the ministry office yesterday afternoon.

On the occasion, H.E. Sun Chanthol informed his guests about the completion of the Master Plan for Intermodal Transport and Logistics Connectivity in Cambodia which will make the logistics and shipping costs in the country more competitive.

Taking the opportunity, the Cambodian Minister thanked the ROK for always assisting Cambodia in its development, mainly in transport infrastructure and human resource development. He also mentioned the Cambodia-ROK Friendship Bridge project (Old Market-Chroy Changvar-Arey Ksat) which will become an attraction of Phnom Penh’s capital and a symbol of friendship between the two countries.

For his part, H.E. Dr. PARK Jung-Wook lauded the rapid progress and development of Cambodia in all sectors, especially noticeable transport infrastructure.

The Korean ambassador firmly affirmed to strengthen the bilateral relations and cooperation between both countries and pledged to attract more Korean investors to invest in Cambodia’s logistics sector in particular.

H.E. Dr. PARK Jung-Wook also praised Cambodia for its recent successful hosting of the 32nd SEA Games and the upcoming 12th ASEAN Para Games, which has enhanced Cambodia’s prestige in the international arena.

The post ROK interested in Cambodia’s logistics sector first appeared on Estatedia | Economy & Real Estate Media in Cambodia.

On May 16th, H.E. Vath Chamroeun announced that Cambodia is now preparing a new strategic plan to sustain its sports sector on an international level. With preparations underway to host significant events such as the Olympic Games, Asian Games, and SEA Games, the new plan comes at a crucial time for the country as it seeks to continue developing and attracting international sporting events.

Moreover, Cambodia highlights the need for the country to further develop its sports sector. The new strategic plan aims to focus not only on regional but also international Olympic levels.

The Secretary-General emphasized that sports development in Cambodia is essential to keeping the country prepared for international sporting events. The new plan will pave the way for Cambodia to continue participating in and hosting big events.

Therefore, the government wants to ensure that not only the country but also the people involved in its sports sector will benefit from it. Overall, it is clear that Cambodia is committed to its sports development and looks forward to welcoming athletes from all over the world to participate in its future sporting events.

The post Cambodia plans to host another big sports events in 2029 first appeared on Estatedia | Economy & Real Estate Media in Cambodia.

In a recent interview with AKP, H.E. Ky Sereyvath, an Economics expert and the Director-General of the Institute of China Studies at the Royal Academy of Cambodia, highlighted the significant benefits that the 32nd SEA Games will provide for Cambodia, despite the significant amount of money spent by the government for the event.

H.E. pointed out that the SEA Games will attract more investors to Cambodia through the spread of information about Cambodia by international media worldwide.

He explained that as the host country, Cambodia offers free entry for all spectators, free accommodations and food for all participating delegates, and free broadcasting rights to various international media partners, creating a positive image of Cambodia.

This publicity is expected to attract more investors and businesses to the country and boost the tourism industry, which will bring in revenue for the people. Additionally, the SEA Games will promote development, democracy, and patriotism among the Cambodian people.

Cambodia was widely praised by the participating countries for the warm hospitality and friendship displayed during the games. The upcoming SEA Games in 2023 will welcome over 12,400 athletes, coaches, and staff from the ten ASEAN member countries and Timor-Leste.

The post Expert: SEA games attracts more investment to Cambodia first appeared on Estatedia | Economy & Real Estate Media in Cambodia.

The Moradok Techo National Stadium, costing $160 million to construct, is now the second largest in Southeast Asia, after Malaysia’s Bukit Jalil Stadium. Cambodia’s government invested heavily in the sports sector, resulting in years of preparation and significant improvements in sports.

After missing out for over 60 years due to political issues, Cambodia finally participates in the region, reaping many benefits, including the opportunity to improve sports through investment and preparation.

Hosting the SEA Games will save Cambodia significant amounts of money that would have been spent on promoting its potential and prosperity to the world each year. With thousands of Cambodians attending the event and local and international media outlets providing indirect coverage, Cambodia will gain exposure and no longer need to spend as much on promotion. The experience of hosting such a big event will also prepare Cambodia to host future events.

Additionally, not having to spend money on participating countries’ players will enable Cambodia to build closer ties with nations in the region, even though it is not as economically strong as some of them. The event will showcase Cambodia’s potential to foreign investors, making investment and business activities in the country more active and busy.

Most importantly, hosting the 32nd SEA Games without incurring any expenses for participating delegations will become a significant legacy for Cambodia. The event’s slogan, “SPORTS LIVE IN PEACE,” highlights the harmony of Cambodians living under the roof of peace, providing a sense of pride and unity for the country.

The post Cambodia benefited greatly from hosting the big-spending SEA Games first appeared on Estatedia | Economy & Real Estate Media in Cambodia.

H.E. Thong Khon, Minister of Tourism, paid a courtesy call on Mr. Du TianQiao, Executive Director of the China Association for Regional Business and Economic Cooperation and International Trade, on February 1, 2023, to discuss and exchange views on increasing the flow of Sino-Cambodian tourists to commemorate the 65th anniversary of Cambodia-China diplomatic relations, to promote and attract one million Chinese tourists this year.

The two parties organized a number of events and activities this year to carry out the agreed-upon plan,, including:

• Organize tourism, culture, and sports events such as the golf marathon, especially the Sao Linh University martial arts performance, as well as the Cambodian Bokator (which was added to the UNESCO list of Intangible Cultural Heritage of Humanity on November 29, 2022) before the 32nd SEA Games in Phnom Penh.
• Organize a tourism business and investment forum between Cambodia and China.
• Organize a Cambodian-Chinese music festival with Chinese and Cambodian celebrities to attract Chinese tourists.

Mr. His Excellency Thong Khon, Minister of Tourism, has requested that the association prepare a clear and detailed plan so that the Cambodian Ministry of Tourism can review and provide feedback and establish a working group to organize these events.

The post Cambodia targeted 1 million Chinese tourists on returns first appeared on Estatedia | Economy & Real Estate Media in Cambodia.