Logo of Phnom Penh Post newspaper Phnom Penh Post - WEF forum to bring new investment

WEF forum to bring new investment

Content image - Phnom Penh Post
Prime Minister Hun Sen speaks at the 2003 World Economic Forum in Singapore. AFP

WEF forum to bring new investment

With the World Economic Forum (WEF) on Asean less than a week away, government officials yesterday said that the theme of the three-day event would focus on “Youth, Technology and Growth”, while providing an opportunity to raise Cambodia’s international profile and attract more investors and tourists.

The forum taking place in Phnom Penh will be the WEF’s 26th meeting in the region, and will focus on how Asean can harness the potential of its young demographics, and benefit from the transformative impact of the Fourth Industrial Revolution.

“We believe that we will attract more foreign investment to Cambodia after successfully organising the event,” Sun Chanthol, minister of public works and transportation, said yesterday at a pre-event conference. “There will be more job opportunities for Cambodia’s youth and higher wages.”

According to Chanthol, more than 600 participants representing businesses, governments, international organisations, civil society and the media are expected to participate in the gathering.

He added that prime ministers from three foreign countries including the Philippines, Vietnam and Laos will join the event.

There will be 18 other ministers representing countries from Asean and other regions as well as six representatives from large international firms. There are 217 journalists registered to join the forum, 129 of them local, according to Chanthol.

MOST VIEWED

  • NY sisters inspired by Khmer heritage

    Growing up in Brooklyn, New York, Cambodian-American sisters Edo and Eyen Chorm have always felt a deep affinity for their Cambodian heritage and roots. When the pair launched their own EdoEyen namesake jewellery brand in June, 2020, they leaned heavily into designs inspired by ancient Khmer

  • Omicron patients can stay home: PM

    Prime Minister Hun Sen has given the green light for anyone who contracts the SARS-CoV-2 Omicron mutation or any other variant to convalesce or receive treatment at home or in any other reasonable non-healthcare setting. The new decision supersedes a restriction on home care for

  • Cambodia records first Omicron community case

    The Ministry of Health on January 9 reported 30 new Covid-19 cases, 29 of which were imported and all were confirmed to be the Omicron variant. The ministry also reported 11 recoveries and no new deaths. Earlier on January 9, the ministry also announced that it had detected the Kingdom's

  • The effects of the USD interest rate hike on Cambodian economy

    Experts weigh in on the effect of a potential interest rate expansion by the US Federal Reserve on a highly dollarised Cambodia Anticipation of the US Federal Reserve’s interest rate hike in March is putting developing economies on edge, a recent blog post by

  • Cambodia’s first ever anime festival kicks off Jan 22 at capital’s F3 centre

    Phnom Penh's first ever Anime Festival will bring together fans, artists, shops and other local businesses with ties to the Japanese animation style for cosplay competitions, online games, pop-up shops and more on January 22, with Friends Futures Factory (F3) hosting. F3 is a project that

  • PM eyes Myanmar peace troika

    Prime Minister Hun Sen has suggested that ASEAN member states establish a tripartite committee or diplomatic troika consisting of representatives from Cambodia, Brunei and Indonesia that would be tasked with mediating a ceasefire in Myanmar. The premier also requested that Nippon Foundation chairman Yohei Sasakawa