Opinion

Cambodia is primed and open for business

The ruling party's pro-business stance, the nation's burgeoning middle-class consumer market and its sizeable working age population are big draws.

On July 29, the Cambodian People’s Party (CPP) declared victory in the country’s general election. With the elections out of the way, Phnom Penh, once known as the “Pearl of Asia”, can again be viewed as a hub of opportunity, especially given Cambodia’s robust average gross domestic product (GDP) growth of 8 per cent over the past decade.

There are also various other factors which could propel Cambodia as the investment destination. The CPP is known for its pro-business policies and a CPP victory is likely to see continued implementation of policies that are conducive for business. This victory should also help extend Cambodia’s political stability, which can only be a boon for investors.

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