According to Cambodian media reports, a website with significant influence in the construction industry has released a report stating that the completion of Phnom Penh's new airport will make Phnom Penh the next Singapore.

The report points out that Cambodia is currently the fastest growing economy in Southeast Asia and the third fastest growing economy in Asia.

Phnom Penh has set its sights on becoming a major player in developing the regional economy, all thanks to this $1.2 billion new airport.

The report written by Tim Gibson highly praised the design of the new airport in Phnom Penh, stating that "as the sun moves throughout the day, the interior of the building exhibits different and beautiful views!" "This is an incredible airport that showcases how to use lighting to connect space. It's not just an airport, but a gateway to the entire country

The report mentions the bright future of Phnom Penh and the increasingly prosperous aviation industry in Cambodia. In the first half of this year alone, Cambodia's three international airports received over 3 million passengers, an increase of 22% compared to the same period last year.

The report concluded with a positive evaluation of Phnom Penh and Cambodia, stating that "other countries in the world hope to do business with Cambodia, and Cambodia needs an airport that matches it

The airport not only has a striking appearance, but also adopts clever design schemes and has the ability to expand like a golden border.

The report states that infrastructure has promoted economic growth in both Dubai and Singapore. Although a building cannot change the fate of a country, it can drive a country towards its own destiny.

Cambodia, a brilliant pearl embedded in the Indochinese Peninsula, is gradually becoming a key link connecting major economies in Asia due to its unique geographical location. With the increasing popularity of Chinese enterprises going global and the strengthening of strategic cooperation between China and Cambodia, Cambodia, as a highly potential investment hotspot in Southeast Asia, is attracting more and more attention from Chinese investors.

01. ASEAN core region, radiating to Southeast Asia

Cambodia is one of the ten ASEAN countries, located at the strategic hub of ASEAN. It is situated in the core area of the Mekong River Basin and the center of the east-west corridor, serving as a gateway to important global markets. The inherent advantage of having both land and sea makes Cambodia's future land market development potential even greater.

Cambodia has a land area of 181000 square kilometers and a population of approximately 16.34 million (including about 1.1 million Chinese and overseas Chinese). It is divided into 20 provinces and 4 municipalities, with Phnom Penh as its capital. Its core industries include manufacturing, construction and real estate, tourism, and agriculture.

02. Bridgehead of the the Belt and Road, with unlimited potential

Cambodia is an important node of China's "the Belt and Road" in Southeast Asia. The Industrial Development Plan 2015-2025 proposed by the Cambodian government is highly consistent with China's "the Belt and Road" initiative.

The Dechong Funan Canal project, referred to as the "national project" by Prime Minister Hun Manet, will be open to navigation before 2029. It will effectively enhance the connectivity between Phnom Penh and coastal ports, shorten the transportation distance from inland to the sea, significantly improve trade efficiency, reduce logistics costs, and further consolidate Cambodia's position as a regional trade hub.

In addition, as the global manufacturing industry shifts towards labor-intensive areas, the enthusiasm of Chinese companies to go abroad remains high. Looking at the reasons behind the trend of Chinese enterprises going global, whether it is to avoid tariff barriers, reduce labor costs, cater to the needs of large factories, or to explore overseas markets and meet supplier requirements, Cambodia is a "timely choice".

03. Stable political situation and profound friendship between China and Cambodia

Since the 1980s, the political situation in Cambodia has remained stable, creating a safe and stable investment environment for domestic and foreign investors. With the inauguration of the new Prime Minister, Cambodian political power has achieved a smooth transition, while former Prime Minister Hun Sen continues to play a leading role in the country's development strategy, ensuring policy continuity and stability. The relationship between China and Cambodia has a long history and profound friendship.

04 Low age population, large demographic dividend

The labor force in Cambodia accounts for two-thirds of the total population, with 70% of the population under the age of 34 and an average age of 27.1. According to data from the Asia Times, Cambodia has the third highest population growth rate in the world and is expected to experience a baby boom in the future. This demographic advantage provides a continuous driving force for Cambodia's economic development. Meanwhile, the relatively low labor costs make Cambodia an ideal investment destination for manufacturing and service industries.

05 Rapid economic development with strong driving force

In recent years, Cambodia's economy has led ASEAN with an average annual growth rate of over 7%, ranking 21st in the world and first in the ASEAN region, becoming one of the highlights of global economic growth. Ten years ago, clothes were labeled as "Made in China". Five years ago, as manufacturing shifted to Southeast Asia, "Made in Thailand" became popular for a while; Nowadays, with international brands such as Adidas gradually moving in, "Made in Cambodia" is becoming a rising star, shining on the stage of the international market.

06 Legal protection, allowing foreigners to invest

The Cambodian government attaches great importance to the construction of the legal system and continuously improves the legal and regulatory system to protect the legitimate rights and interests of domestic and foreign investors. In addition to the Law on the Property Rights of Foreigners' Real Estate, Cambodia has also formulated a series of laws and regulations such as the Investment Law and the Enterprise Law, providing clear legal guidance and protection for foreign investors. At the same time, the Cambodian government has established a specialized investment promotion agency to provide investors with one-stop services, simplify approval processes, and improve administrative efficiency.

07 No foreign exchange control, free entry and exit of funds

As a non CRS (Common Reporting Standard) country, Cambodia allows investors to avoid tax scrutiny from other countries and enjoy lower tax burdens. The open foreign exchange policy, no regulatory restrictions, and free flow of funds have provided great convenience for international investors.

08 Permanent Property Rights, Multiple Tax Incentives

The Cambodian government has introduced a series of preferential policies to attract foreign investment. According to Cambodian law, foreign ownership of enterprises is not restricted unless the enterprise owns land. Only Cambodian individuals or Cambodian companies with 51% or more of their shares as legal entities are allowed to own land in Cambodia. If the above requirements cannot be met, long-term leasing is possible. The lease term for the leased land is 50 years, with an extension of 49 years upon expiration.

09 USD asset, strong risk resistance ability

Cambodia has the highest degree of dollarization among Southeast Asian countries, and people often use US dollars for daily payments, which is Cambodia's biggest advantage compared to other Southeast Asian countries. For example, when allocating overseas assets, exchange rate is one of the most important considerations. In the event of a systemic economic crisis, assets may severely shrink, but Cambodian assets denominated in US dollars can avoid the disaster.

Supported by multiple favorable factors, investing in Cambodia is undoubtedly a wise choice for investors seeking overseas asset allocation.

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