Cambodia’s economy has undergone significant growth over the past two decades, averaging a rate of 8% between 1998 and 2018. Its rapid development has highlighted its acute infrastructure needs, providing ample opportunities for international investors.
Being a member of ASEAN, Cambodia has recently become a signatory to the Regional Comprehensive Economic Partnership agreement which will provide further opportunities for Cambodian and international businesses looking to diversify their supply chains or accelerate regional and foreign investment. In October 2020, it also signed its first Free Trade Agreement with China marking a new milestone in bilateral relations and opening up new trade opportunities between the two nations.
The Cambodian government is continuing to focus on economic growth with agriculture, industrial, tourism and infrastructure identified as priority areas for investment and development. Ongoing financial and legal reforms are making the investment climate more attractive to foreign businesses.
The King & Wood Mallesons Cambodia CloudOffice leverages the firm’s global platform and experience in advising businesses on cross-border matters in Cambodia. Our team offers advice on infrastructure and project development, including Belt & Road projects, cross-border investment and project financing, international trade and customs, intellectual property protection, and cross-border dispute resolution. We also offer support across the food and agriculture, energy and infrastructure, transport and logistics, financial and professional services, real estate and construction and health sectors.