The investors aim to study the key potentials of Battambang and explore potential investment opportunities in areas such as agriculture, industry, tourism, and transportation.

Battambang is a significant destination in Cambodia with excellent infrastructure that can efficiently cross-connect important areas of the country.

The French Ambassador, Jacques Pellet, stated that his delegation’s main purpose was to gain more knowledge about the potential of Battambang. The input would aid them in finding investment opportunities in various Battambang-based sectors.

Governor Sok Lou warmly welcomed the delegation’s interest and visit to Battambang. He emphasized that the province has extensive agricultural potential, and investment in agro-industry, such as the processing of fruits and other agricultural products for ultimate sale or export, would be greatly beneficial. As currently, a considerable amount of products remain unprocessed, leading to excess market supply and decreased prices.

The post 15 French businessmen eye Battambang investments first appeared on Estatedia | Economy & Real Estate Media in Cambodia.

Battambang provincial governor Sok Lou recently stated at a conference on the five-year success of the provincial administration that the city of Battambang has over 800 historic buildings.

The city’s traditional houses have become popular tourist destinations for national and international visitors, and the provincial government has worked hard to preserve them as a national heritage for future generations.

According to the governor, the orderly development of Battambang city necessitates public participation, as Battambang is one of three Cambodian cities chosen for the ASEAN Smart Cities Network.

According to a report released on Tuesday by the Ministry of Tourism, the number of foreign tourists visiting Cambodia in 2022 will increase by 1,059 percent to 2.28 million.

According to the ministry, the number of domestic tourists increased by 199 percent year on year to 13.93 million last year. According to the report, 1.88 million domestic foreign tourists visited the country last year, a 572 percent increase over the previous year.

Cambodia expects to welcome approximately 2 million international tourists in 2022, with the hope of returning to the pre-COVID-19 level of 7 million in 2026 or 2027.

Tourism is one of the four economic pillars in Cambodia. In 2019, the Kingdom welcomed 6.6 million international tourists, generating US$4.92 billion in revenue in the pre-pandemic era.

The post 800 historic buildings remaining in Battambang first appeared on Estatedia | Economy & Real Estate Media in Cambodia.