Logo of Phnom Penh Post newspaper Phnom Penh Post - Turkish health care firms take local market’s pulse

Turkish health care firms take local market’s pulse

Booths of Turkish pharmaceutical and medical product suppliers are seen during a trade exposition in the capital yesterday.
Booths of Turkish pharmaceutical and medical product suppliers are seen during a trade exposition in the capital yesterday. Heng Chivoan

Turkish health care firms take local market’s pulse

Turkish companies looking to expand operations in the Kingdom’s health care industry were among the most visible participants of a trade exposition held in Phnom Penh over the weekend.

Turkish firms made up half of the 24 exhibitors at the two-day Cambodia Phar-Med Expo 2016, an annual industry event for pharmaceutical and medical suppliers.

Burcu Oz, chief of the chemical products department at the Istanbul Mineral & Metals Exporters’ Association (IKMIB), said that Turkish companies, many coming to the country for the first time, want to establish a greater market presence in Cambodia and hoped to find local distributors at the event.

“Cambodia is one of our potential markets in the [ASEAN] region,” she said, adding that Turkish products are becoming better known after several Turkish companies already created partnerships in the Kingdom to import and sell their goods.

“[The exposition] is a good chance for Turkish companies to expand their operations here,” she said.

According to Oz, demand for drugs, medical tools and machinery for the health care sector is rising in Cambodia. However, currently the market is mainly made up of products from China, Korea, Singapore and Japan.

Hayri Acar, regional sales coordinator for NUVE, a Turkish manufacturer of laboratory and sterilisation equipment, said his company has already begun selling its products in the country, despite not yet having an official distributor in Cambodia. The company’s sales numbers demonstrate that demand is high, but the company prefers to work through local partners rather than invest directly, he explained.

“We know there is demand for our products in Cambodia,” he said. “We came here because we are looking for distributors.”

Overall trade between Turkey and Cambodia remains relatively small at $108 million a year, according to figures from the Cambodian Ministry of Commerce, yet both parties plan to increase bilateral trade to $500 million by 2020.

MOST VIEWED

  • Temi tourism project approved by the CDC

    The $500.4 million Tourism, Ecological, Marine and International (Temi) tourism project has been approved by the Council for the Development of Cambodia (CDC), according to a notice on its Facebook page on Monday. The project is part of Chinese-owned Union City Development Group Co Ltd’s (

  • Rainsy will return at ‘favourable time’

    Opposition figure Sam Rainsy on Saturday suggested he would not return to Cambodia as he had previously promised, saying that like liberators King Father Norodom Sihanouk and Charles de Gaulle, he would only do so at a “favourable time”. “I will go back to Cambodia

  • NagaWorld casino sees net profit of more than $390M last year

    Phnom Penh’s NagaWorld casino posted a 53 per cent net profit increase last year at $390.6 million, a sum which is almost equal to the combined net profit of all Cambodian commercial banks in 2017. NagaWorld’s parent company, NagaCorp Ltd, is listed on the Hong Kong

  • US Embassy urged to stop ‘disrespecting sovereignty’

    The Ministry of Foreign Affairs and International Cooperation called on the US Embassy in Phnom Penh on Saturday to respect the Vienna Convention on Diplomatic Relations after it called former opposition leader Kem Sokha “an innocent man” – a move deemed to be “disrespecting Cambodia’s