Logo of Phnom Penh Post newspaper Phnom Penh Post - WEF summit to spotlight Cambodia

WEF summit to spotlight Cambodia

Prime Minister Hun Sen speaks at the 2003 World Economic Forum in Singapore. AFP
Prime Minister Hun Sen speaks at the 2003 World Economic Forum in Singapore. AFP

WEF summit to spotlight Cambodia

Cambodia's business community yesterday welcomed the announcement that the World Economic Forum (WEF) will host a major regional meeting in Phnom Penh next year, adding that the high-profile international summit would help raise the Kingdom’s visibility on investors’ radar.

“This is great news for Cambodia as hosting the Forum will further strengthen the Kingdom’s growing reputation as a key economic partner in ASEAN and a place where business gets done,” Bretton Sciaroni, chairman of the International Business Chamber of Cambodia (IBC), said in a press release.

The 2017 World Economic Forum on ASEAN, tentatively scheduled for May 2017, is expected to attract up to 700 delegates.

WEF managing director Philipp Rosler said the regional forum would be “one of the highlights” of the Geneva-based organisation’s busy calendar.

“Cambodia has a compelling story to tell around the challenges and opportunities of rapid economic development in the 21st century, which will make next year’s ASEAN meeting a very special one,” he said.

WEF previously announced plans for Cambodia to host the next annual East Asia regional forum during a summit in Indonesia in April 2015.

This year’s regional forum, however, will be hosted by Malaysia in June.

MOST VIEWED

  • Government hits back at threats to pull EBA, suspend UN seat

    The spokesman for the ruling Cambodian People’s Party (CPP) has said the government is in no way concerned after the European Parliament gave it three months to reverse what it called the “systematic repression of the political opposition”. Ignoring the ultimatum could mean facing

  • Chinese influx pushing locals, Westerners out of Preah Sihanouk

    Some within the Kingdom’s tourism industry have speculated that the recent influx of Chinese visitors may hinder domestic tourism as the price of accommodations in the coastal city of Sihanoukville continues to rise. Preah Sihanouk province, which has become a hotbed for Chinese investment

  • Sar Kheng: Sokha requested security

    Interior Minister Sar Kheng on Sunday revealed the story behind the transfer of former opposition party leader Kem Sokha from Trapaing Phlong prison in Tbong Khmum province to his house in the capital. Speaking at the ruling Cambodian People’s Party (CPP) headquarters in Prey

  • ‘Dire consequences’ from sanctions, warns AmCham

    American businesspeople in Cambodia have warned that any sanction against the Kingdom would have “dire consequences” that could push Cambodia even further into the arms of China. In a letter to US senators and representatives dated Monday, the American Chamber of Commerce Cambodia (AmCham) said