The event was organised by the Dubai Chambers and in partnership with the Ministry of Commerce, the Council for the Development of Cambodia, and the Cambodian Chamber of Commerce.

The event brought together senior leaders from both sides, H.E. Ms. Tekreth Kamrang, Secretary of State at the Ministry of Commerce, Neak Oknha Kith Meng, President of the CCC and Chair of ASEAN Business Advisory-Cambodia, Mr. Salem AL Shamsi, Executive Vice President of International Relations of the Dubai Chambers; and representatives of the Council for the Development of Cambodia, along with approximately 250 companies from Cambodia and the UAE.

H.E. Ms. Tekreth Kamrang delivered a special speech at the forum, affirming the Ministry’s commitment to fully facilitating and supporting all business and investment activities in the Kingdom.

“The trade and investment opportunities are growing under the Cambodia-UAE Comprehensive Economic Partnership Agreement,” she said, encouraging UAE investors to explore fields such as agriculture, agro-processing, logistics, and tourism.

The event also included a B2B business meeting between Cambodian and Dubai companies to connect directly and find potential partners in high-growth sectors.

Neak Oknha Kith Meng, President of Cambodia Chamber of Commerce, stressed the importance of the partnership between the two countries and highlighted that the Comprehensive Economic Partnership Agreement, which entered into force on Jan. 31, 2024, has played a key role in providing confidence and reducing the risks of large-scale investment.

“Investment in Cambodia is not only about the domestic market of 17 million people, but also about Cambodia being a key gateway to the 680 million consumer market in the entire ASEAN region, and Cambodia being a strategic manufacturing and logistics hub,” he said.

The CCC President encouraged businessmen from both countries to use this business forum to find partners and practical projects, with the Cambodian Chamber of Commerce ready to provide support and help facilitate Dubai businessmen to enter the Cambodian market.

Mr. Salem AL Shamsi, Executive Vice President of International Relations of the Dubai Chambers, highlighted that business relations between Cambodia and Dubai have been steadily growing, with bilateral trade between Cambodia and the UAE reaching nearly US$400 million.

He stressed that for the Dubai business community, Cambodia has potential and opportunities in many sectors, including: textiles, automobiles and electronics, etc.

There are currently more than 30 Cambodian companies investing and operating in Dubai in the real estate, wholesale and retail sectors and social services, according to CCC’s president.

The post Cambodia Attracts UAE Investment at Doing Business with Cambodia Forum first appeared on Estatedia | Economy & Real Estate Media in Cambodia.

Oknha Sok Piseth, Vice President of the Cambodia Chamber of Commerce (CCC), representing Neak Oknha Kith Meng, the President of the CCC and Chair of the ASEAN Business Advisory Council Cambodia, in welcoming a delegation from the China-Malaysia Chamber of Commerce and Industry. This delegation was headed by Datuk Ng Yih Pyng, the President of the China-Malaysia Chamber of Commerce and Industry, who is currently undertaking a business visit to Cambodia.

The central objective of this meeting was to enhance the existing relationship between the two prominent institutions and pinpoint crucial areas for collaborative endeavors in the future. Marking this occasion, both chambers of commerce formalized their commitment by signing a memorandum of understanding. This agreement establishes a structural foundation aimed at fostering economic ties, encouraging trade and investment activities, and streamlining cooperation among the business sectors of both Cambodia and Malaysia.

During the discussions, Oknha Sok Piseth, the Vice President of the Cambodia Chamber of Commerce, underscored the robust economic partnership between Cambodia and Malaysia. He highlighted the substantial volume of trade and the significant Malaysian investments present in key sectors within Cambodia. Furthermore, Oknha Sok Piseth emphasized Cambodia’s ongoing economic expansion, which is fueled by its youthful and dynamic workforce, a favorable investment environment, and strategic governmental policies geared towards achieving high-income status by the year 2050.

In response, Datuk Ng Yih Pyng, the President of the China-Malaysia Chamber of Commerce and Industry, conveyed his optimistic outlook regarding this collaboration. He stated that the primary aim of the delegation’s visit was to investigate potential avenues for cooperation and to promote upcoming business events within the ASEAN region. These events include the 14th ACCCIM Young Entrepreneurs Conference, the ASEAN AI Business Summit, and the ASEAN China Business Leaders Conference 2025.

The talks concluded on a positive note, characterized by a spirit of fraternity. Both parties engaged in in-depth discussions and further explored the trade and investment landscapes of their respective nations. The anticipated cooperation between the Cambodia Chamber of Commerce and the China-Malaysia Chamber of Commerce and Industry holds the promise of generating new opportunities for trade and investment, thereby contributing to the economic advancement of both countries and nurturing stronger bonds within their respective business communities.

The post Cambodia and China-Malaysia Chamber Forge Alliance to Boost Trade and Investment first appeared on Estatedia | Economy & Real Estate Media in Cambodia.

Neak Oknha Ly Kunthai, Vice President of the CCC, warmly received Mr. Hu Yusong, Executive Director of the Hainan Free Trade Zone Cross-Border Trade Chamber of Commerce, who led the Hainan Province Business Delegation. Neak Oknha Ly Kunthai represented Neak Oknha Kith Meng, the President of the CCC and Chair of the ASEAN Business Advisory Council Cambodia.

During the discussions, Neak Oknha Ly Kunthai emphasized the strategic significance of Hainan Province as a free trade port and underscored the considerable potential for mutually beneficial cooperation between Cambodia and Hainan. He highlighted the strong and enduring relationship between the two nations, asserting that Cambodia presents a compelling investment destination for Chinese investors. Key factors contributing to this attractiveness include Cambodia’s political stability, its strategic geographical location within the ASEAN region, a dynamic young workforce, access to preferential markets, and a business-friendly environment.

Neak Oknha Ly Kunthai further provided the Hainan delegation with an overview of Cambodia’s robust economic growth, promising opportunities across various sectors, and the current favorable investment climate. He actively encouraged Chinese investors to increase their investment in Cambodia, positioning the Kingdom as an optimal location for their ventures.

Both sides reached a consensus and outlined a collaborative framework aimed at fostering stronger business ties. As a concrete step forward, the Cambodian Chamber of Commerce announced its intention to organize a business visit to Hainan Province, China, in the near future. This visit will facilitate in-depth discussions with the Hainan Free Trade Zone Chamber of Commerce to explore specific areas of cooperation.

The discussions concluded on a positive note, characterized by a friendly and collaborative atmosphere, signifying a shared commitment to enhancing economic partnership.

The significance of Chinese investment in Cambodia was further underscored by the statistic that in 2024, China emerged as the top investor, contributing approximately 50% of the total investment capital received by Cambodia, amounting to a substantial US$6.9 billion. This highlights the existing strong economic links and the potential for further growth through strengthened cooperation with regions like Hainan Province.

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The “Members Networking Night” was hosted by Oknha Lim Tong, Vice President of the Cambodian Chamber of Commerce (CCC), a distinguished representative of Neak Oknha Kith Meng, President of the Cambodian Chamber of Commerce and Chair of ASEAN Business Advisory Council-Cambodia, and was attended by 150 national and international guests.

It was held at the Cambodia Mastercraft Microbrewery Restaurant, located at Chip Mong 271 Mega Mall, 2nd floor, in Phnom Penh on the evening of March 21, 2024.

Oknha Lim Tong, Vice President of the Cambodian Chamber of Commerce, said that the evening event was organized with the aim of promoting connections and opening up new opportunities in the business sector by connecting business and industry networks and other sectors to strengthen the overall value chain and supply chain in Cambodia, aiming to promote innovation and sustainable development.

Oknha added that the main purpose of organizing the event was to create a warm and inviting environment for members to strengthen relationships, share understanding and explore potential avenues for collaboration.

Oknha strongly believes that this event will strengthen ties within our business community, at a time when the government has been putting in place policies to promote active participation by the private sector in the development of the Cambodian economy, and in particular in terms of encouraging the business environment and providing incentives to contribute towards economic growth and resilience.

Oknha Lim Tong emphasized that the Cambodia Chamber of Commerce, under the leadership of Neak Oknha Kith Meng, is organizing this event for participants to share knowledge, seek guidance, or expand professional networks.

In addition, the event is committed to its members to create an attractive environment for businesspeople from various sectors and countries in the region to provide opportunities to exchange ideas, explore new business opportunities, and foster long-term partnerships.

Furthermore, Oknha encouraged participants to make the most of the event so that all participants can expand their business networks more effectively and efficiently, while seeking potential partnerships that will not only support and promote local businesses, but also contribute to a stronger Cambodian economy.

The Cambodian Chamber of Commerce is the first and only national chamber of commerce, and the secretariat of the private sector working group of the Government-Private Sector Forum, one of the most successful mechanisms in the world for private sector development. The main task of the Cambodian Chamber of Commerce is to be a dialogue partner with the Government and provide advice on economic and investment information.

The Cambodian Chamber of Commerce has always created and promoted a business environment that promotes business growth in Cambodia, including facilitating partnerships, one-on-one business matching activities to promote networking, networking opportunities, and investment opportunities, as well as finding national and international partners.

Cambodian Chamber of Commerce (CCC) has played a consistent role in promoting economic growth, promoting policies to promote the private sector, increasing trade ties, as well as facilitating foreign trade and investment activities.”

The post Cambodian Chamber of Commerce Networking Event Focuses on Sustainable Value Chains first appeared on Estatedia | Economy & Real Estate Media in Cambodia.

This significant investment, comprising $60 million in core capital and $28 million in supplementary capital, underscores Wing Bank’s commitment to strengthening its financial foundation and driving its ambitious growth strategy.

“This capital injection will further solidify our position as a trusted and forward-thinking financial partner for individuals and businesses alike,” said Neak Oknha Kith Meng, Chairman of the Board of Directors of Wing Bank and CEO of the Royal Group of Companies. “The growing economy and the optimistic outlook for the future have played a key role in our decision to initiate this move.”

The increased capital will enable Wing Bank to expand its lending capabilities, providing crucial financial support to small and medium-sized enterprises (SMEs), corporate clients, and individual customers. This expansion will play a vital role in stimulating economic growth and creating opportunities for businesses and individuals across Cambodia.

In addition to bolstering its operational capacity, the capital increase will also have a direct positive impact on local communities. By extending its financial services to underserved areas, Wing Bank will empower more individuals and businesses with access to banking, digital financial tools, and credit facilities. This initiative will promote greater financial literacy and inclusion throughout the country.

Wing Bank has experienced remarkable growth in recent years, solidifying its position as a key player in Cambodia’s dynamic banking sector. This latest capital injection reaffirms the bank’s dedication to innovation, customer-centric solutions, and its contribution to the overall economic development of Cambodia.

About Wing Bank

Wing Bank is a leading provider of innovative financial services in Cambodia, committed to driving financial inclusion and empowering individuals and businesses. With a strong focus on digital solutions and customer satisfaction, Wing Bank offers a comprehensive range of banking products and services to meet the evolving needs of its diverse clientele. As part of the Royal Group of Companies, one of Cambodia’s largest conglomerates, Wing Bank is well-positioned to contribute to the nation’s economic growth and prosperity.

The post Wing Bank Secures $88 Million Capital Boost to Fuel Growth and Expand Financial Inclusion in Cambodia first appeared on Estatedia | Economy & Real Estate Media in Cambodia.

The event was presided over by H.E Say Sam Al, Deputy Prime Minister, Minister of Land Management, Urban Planning and Construction and attended by representatives of the private sector in the construction and real estate sector led by Neak Oknha Kith Meng, president of the Cambodia Chamber of Commerce (CCC) and Chair of coordination of the 16 private sector working groups-(G-PSF).

According to a press release issued after the event, this Working Breakfast aims to build a better bond between the private sector and the Ministry of Land Management, Urban Planning and Construction. It is to demonstrate the special partnership of the “D” Working Group “Construction and Real Estate” under the mechanism of the Government-Private Sector Forum (G-PSF).

In addition, it is to let the private sector know about the direction of the Royal Government of Cambodia during its mandate as well as some of the ministry’s activity directions.

On that occasion, H.E. Say Samal provided many important recommendations and requests to the private sector to participate in building various infrastructures and promote a better and more prosperous national economy.

At the same time, Neak Oknha Kith Meng also raised the issue of cooperation and attention to the concerns of the private sector in the construction and real estate sector.

A working group has been formed under the mechanism of G-PSF to be a partner with H.E. Deputy Prime Minister as co- chair of the “D” Working Group, representing the government sector, with the Cambodian Chamber of Commerce in the construction and real estate sector, which facilitates and eliminates the problems that are the concerns of the private sector.

In addition, through the working group, many necessary suggestions and recommendations will be provided to the ministry.

The post Government, Private Sector Build Better Bond in Construction Sector first appeared on Estatedia | Economy & Real Estate Media in Cambodia.

Accompanying Prime Minister Samdech Thipidei Hun Manet and a delegation from the Cambodian Chamber of Commerce, Neak Oknha Kith Meng participated in various key meetings and discussions during the summit. He highlighted the importance of strengthening economic linkages and promoting crisis resilience among ASEAN member states.

In his acceptance speech, Neak Oknha Kith Meng expressed gratitude for the recognition and emphasized the need for continued collaboration among ASEAN businesses to foster a more integrated and resilient regional economy. He also underscored the importance of ASEAN’s role in the global economy and the Indo-Pacific region.

The ASEAN Business and Investment Summit 2024 brought together business leaders, government officials, and policymakers from across ASEAN and its partners to discuss key economic issues and explore opportunities for cooperation. The summit focused on topics such as ASEAN’s position in global political geography, promoting economic linkages, and ASEAN’s role in the global economy.

The ASEAN Business and Investment Summit 2024 focused on key topics, including: 1) ASEAN’s position in global political geography, 2) promoting economic linkages and crisis resilience, and 3) ASEAN’s role in the global economy and 4) Outlook for the future of ASEAN in the Indo-Pacific region.

The post Neak Oknha Kith Meng Receives “Lifetime Achievement Award” at ASEAN Business and Investment Summit 2024 first appeared on Estatedia | Economy & Real Estate Media in Cambodia.

“Today, I’m incredibly proud to announce the grand opening of this innovative collaboration between Cellcard and Royal Railways,” said Neak Oknha Kith Meng, Chairman of Royal Group. “This Customer Experience Center is a testament to our commitment to providing exceptional service and embracing the digital era while honoring our rich history.”

The center, housed in a beautifully restored historical building constructed between 1929 and 1932, offers a blend of tradition and modernity. Neak Oknha Kith Meng emphasized the significance of preserving Cambodia’s heritage while embracing technological advancements. “This historic Royal Railway space is not just a building, but a symbol of our dedication to digital technology and our respect for our past,” he stated.

The Customer Experience Center provides a welcoming environment for customers, offering personalized assistance and digital self-service options. “We are excited to offer our customers a truly exceptional and convenient experience where history meets the future,” said Neak Oknha Kith Meng.

The launch of the Customer Experience Center marks a significant milestone for both Cellcard and Royal Railways, reaffirming their commitment to providing innovative and customer-centric services.

The post A Century-Old Building Meets Modern Technology: Royal Group’s New Customer Experience Center first appeared on Estatedia | Economy & Real Estate Media in Cambodia.

The launch event was attended by Neak Oknha Kith Meng, Chairman & CEO of Royal Group, Ms. Ivana Tranchini, Visa Country Manager for Cambodia, and distinguished representatives from Wing Bank and other companies.

Neak Oknha Kith Meng expressed his pride in the partnership and confidence in Wing Bank’s commitment to delivering exceptional products and services.

“The Cambodian economy is thriving, and there’s a growing demand for high-end banking services tailored to local needs,” said Ms. Ivana Tranchini, Visa Country Manager for Cambodia. “We’re delighted to collaborate with Wing Bank to deliver a premium card that combines value, security, and convenience.”

The Wing Bank Visa Infinite Credit Card boasts impressive features, including an extended interest-free period of up to 55 days, credit limits of up to USD 1 million, and a $1 million life cover.

Cardholders can also enjoy exclusive access to Wing Bank Premier Banking Lounges, global airport lounges, and the option to add up to five supplementary cards for family members. For added security, the card incorporates advanced EMV 3-D Secure Authentication and a unique numberless design.

Wing Bank, a leading mobile banking provider in Cambodia and a subsidiary of Royal Group, serves over 10 million customers through its network of more than 10,000 nationwide agents. Offering a wide range of financial services including transfers, bill payments, cash withdrawals, and loans, Wing Bank is dedicated to providing accessible and affordable banking solutions to all Cambodians.

The post Wing Bank and Visa Introduce Premium Credit Card to Cambodia first appeared on Estatedia | Economy & Real Estate Media in Cambodia.

Neak Oknha Kith Meng, President of the CCC and Chairman of the Business Advisory Council to the Prime Minister, hosted outgoing JETRO Cambodia President Marisa Haruta and incoming new President Wakabayashi Kohei.

Neak Oknha Kith Meng expressed gratitude for Haruta’s contributions to enhancing economic and trade relations between the two countries.

He also welcomed Wakabayashi, emphasizing the strong and growing partnership between the CCC and JETRO. This includes joint business and investment promotion events and a Memorandum of Understanding signed in 2022 to foster a favorable investment climate for Japanese businesses in Cambodia.

Highlighting the deep-rooted economic, trade, investment, and people-to-people ties between Cambodia and Japan, Meng noted the elevation of bilateral relations to a Comprehensive Strategic Partnership in 2023. He underscored Cambodia’s economic aspirations, aiming to become a high-middle-income country by 2030 and a high-income country by 2050.

Cambodia’s strategic location, free trade agreements, and attractive investment climate were emphasized as key factors for Japanese businesses. Meng proposed increased collaboration between the CCC and JETRO to capitalize on these opportunities.

Haruta expressed her appreciation for the CCC’s support during her tenure. She highlighted the successful Cambodian Investment Seminar in Tokyo, chaired by Prime Minister Hun Manet, and emphasized the untapped potential for Japanese investment in Cambodia. JETRO has produced promotional videos to showcase the country’s opportunities.

Wakabayashi expressed his enthusiasm for continuing the strong partnership between JETRO and the CCC.

The meeting concluded with a shared commitment to promoting trade cooperation, business partnerships, and strengthening the overall strategic partnership between Cambodia and Japan.

The post Cambodian Chamber of Commerce and Japan External Trade Organization Strengthen Ties first appeared on Estatedia | Economy & Real Estate Media in Cambodia.