Subscribe Search

Search form

Logo of Phnom Penh Post newspaper Phnom Penh Post - Investment deals signed with Kuwait

Investment deals signed with Kuwait

Investment deals signed with Kuwait

THE Cambodian government signed a series of bilateral investment deals with Kuwait on Wednesday as its looks to deepen economic and diplomatic ties with the oil-rich Gulf nation, an official said Wednesday.

The agreements were inked during a trip by Prime Minister Hun Sen to Kuwait, in the first state trip to the Middle East by top-level Cambodian officials.

Sin Bunthoeun, spokesman for the Ministry of Foreign Affairs, said memorandums of understanding were signed to set up Cambodians with employment in Kuwait and for construction of an irrigation system and hydropower project in Kampong Thom province.

He said agreements were also reached for the promotion of tourism and direct flights between the two countries.  

On expected assistance for Cambodia's nascent oil industry, he would say only that "Cambodia is asking Kuwait to provide technical assistance to train Cambodian officials".

According to Kuwait's state news agency KUNA, attending the talks in the opulent Bayan palace were the host nation's prime minister and top foreign affairs and petroleum officials, as well as representatives from the Kuwait Investment Authority and Kuwait Fund for Arab Economic Development, which had previously visited Cambodia to discuss investment.

The hydropower project alone will be worth more than US$300 million, according to Foreign Minister Hor Namhong, who is part of the visit

He said this trip was limited to Kuwait.


  • Kak Channthy, Cambodian Space Project frontwoman, killed in crash at 38 [Updated]

    Updated 5:05pm, Tuesday, March 20, 2018 Kak Channthy, frontwoman of popular The Cambodian Space Project, was killed Tuesday morning in a traffic accident in Phnom Penh. She was 38. Channthy, the internationally recognised singer-songwriter also known as “Srey Thy”, was reportedly travelling in a tuk-tuk on the city's

  • Australians protest Asean summit visit by PM Hun Sen

    Hundreds of protesters gathered in Sydney’s Hyde Park on Friday to protest against Cambodian strongman Hun Sen, who claimed to have been gifted millions of dollars by the Australian government ahead of a special Asean summit this weekend. An estimated 300 protesters, the majority of

  • One Australian, one Cambodian killed in explosion at military base

    Updated: 5:20pm, Friday 16 March 2018 An Australian tourist and a Cambodian soldier were killed in an explosion on Thursday afternoon at an army base in Cambodia’s Kampong Speu province. The Australian, whom the government initially identified as a technical demining expert in his 40s, and

  • Peeling back layers of prehistory in Battambang

    When the man passed away, he had not yet reached 50. He belonged to a tribe that had settled near the Sangker River in Battambang province, likely cultivating the fields and raising animals. On the side, they hunted for boars, and even turtles, one of which