Cambodia, Saudi Arabia formalise MoU to boost bilateral trade relations

Feb 8th at 11:27
08-02-2025 11:27:36+07:00

Cambodia, Saudi Arabia formalise MoU to boost bilateral trade relations

The Ministry of Commerce of Cambodia and the Minister of Commerce of the Kingdom of Saudi Arabia have signed a memorandum of understanding (MoU) aimed at promoting trade relations between the two nations.

 

The MoU was officially executed on February 6 in Riyadh by Cham Nimul, Minister of Commerce for Cambodia, and Majid bin Abdullah Al-Kassabi, Minister of Commerce and Chairman of the General Authority for Foreign Trade (GAFT) of Saudi Arabia, during Minister Nimul’s official visit to Saudi Arabia.

According to the Ministry of Commerce, the primary objective of the MoU is to enhance and diversify trade cooperation, as well as to facilitate and explore new trade opportunities between the two countries.

khmertimeskh



NEWS SAME CATEGORY

CDC to simplify business registration to lure investment

The Council for the Development of Cambodia (CDC) is in the process of improving the ease of doing business in Cambodia aimed at attracting foreign investment as...

China pumps $550M into Cambodia’s industrial sector

Despite ongoing global trade tensions and tariff disputes, China reaffirmed its position as Cambodia’s leading Foreign Direct Investment (FDI) by channelling nearly...

CDC committed to further enhancing investment environment

The Council for the Development of Cambodia (CDC) is dedicated to enhancing Cambodia’s business environment to attract foreign investment. According to Sun...

Govt financing boosts rice production to 13 million tonnes

The Royal Government’s financing to stabilize agricultural prices and support farmers’ livelihoods has been highly effective, increasing rice production from 9...

CDC approves 64 new investments in January

The Council for the Development of Cambodia (CDC) approved 64 new investment projects and four expansion projects worth $748 million by the end of January. This...

Cambodia ready to sustain export growth despite tariff reductions

Kaing Monika, Deputy Secretary-General of the Textile, Apparel, Footwear and Travel Goods Association in Cambodia (TAFTAC), yesterday claimed that Cambodia is ready...

CDC is reviewing 12 investment projects worth $135M

The Cambodian Investment Board of the Council for the Development of Cambodia (CDC) convened a meeting on Tuesday to review and discuss applications for the...

Dry-season rice cultivation reaches 90,000 ha in Battambang

Rice cultivation during the dry season in Battambang province has reached nearly 900,000 hectares, exceeding the original plan of 27,000 hectares by 318 percent...

Agricultural products see remarkable surge in exports

Cambodia saw a significant surge in the export of potential agricultural products in 2024, an official report from the Ministry of Commerce showed.

Kingdom’s retail credit reaches over $15 billion

Cambodia’s retail credit market continued to expand in the fourth quarter of 2024, with outstanding balances reaching $15.53 billion, a 0.46 percent increase from...


MOST READ


Back To Top