UAE keen to invest in Cambodia

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Sheikha Lubna, UAE Minister of Foreign Trade

The United Arab Emirates is considering investing in halal food production and rice milling in Cambodia, the country’s state news agency WAM reported after UAE Minister of Foreign Trade, Sheikha Lubna Bint Khalid Al Qasimi, concluded her visit to the Southeast Asian country on October 2.

Sheikha Lubna held talks with Cambodia’s prime minister, Hun Sen, on potential investments by the UAE into halal food production in Cambodia with the aim to re-export the products to her country. She added that the UAE will present concrete investment plans at her next visit in May 2013.

Cambodia produced 8.25 million tonnes of paddy rice last year, but it is short of modern post-harvesting technologies to process rice for export.

The UAE’s non-oil exports to Cambodia have risen by 639 per cent from 2010 to 2011, with total UAE exports to Cambodia going up by 271 per cent. The UAE achieved a surplus in trade between the two countries of around $2.3 million in 2011, according to data made available in a study released by the UAE Ministry of Foreign Trade during Sheikha Lubna’s visit.

Total bilateral foreign trade between the two countries grew by 122 per cent in 2011.

The study also highlighted a number of growth sectors for investment in Cambodia. These include  technology, tourism, agricultural industries, manufacturing, infrastructure development, energy and mining.

 

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Reading Time: 1 minute

Sheikha Lubna, UAE Minister of Foreign Trade

The United Arab Emirates is considering investing in halal food production and rice milling in Cambodia, the country’s state news agency WAM reported after UAE Minister of Foreign Trade, Sheikha Lubna Bint Khalid Al Qasimi, concluded her visit to the Southeast Asian country on October 2.

Reading Time: 1 minute

Sheikha Lubna, UAE Minister of Foreign Trade

The United Arab Emirates is considering investing in halal food production and rice milling in Cambodia, the country’s state news agency WAM reported after UAE Minister of Foreign Trade, Sheikha Lubna Bint Khalid Al Qasimi, concluded her visit to the Southeast Asian country on October 2.

Sheikha Lubna held talks with Cambodia’s prime minister, Hun Sen, on potential investments by the UAE into halal food production in Cambodia with the aim to re-export the products to her country. She added that the UAE will present concrete investment plans at her next visit in May 2013.

Cambodia produced 8.25 million tonnes of paddy rice last year, but it is short of modern post-harvesting technologies to process rice for export.

The UAE’s non-oil exports to Cambodia have risen by 639 per cent from 2010 to 2011, with total UAE exports to Cambodia going up by 271 per cent. The UAE achieved a surplus in trade between the two countries of around $2.3 million in 2011, according to data made available in a study released by the UAE Ministry of Foreign Trade during Sheikha Lubna’s visit.

Total bilateral foreign trade between the two countries grew by 122 per cent in 2011.

The study also highlighted a number of growth sectors for investment in Cambodia. These include  technology, tourism, agricultural industries, manufacturing, infrastructure development, energy and mining.

 

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