Cambodia and Saudi Arabia on Friday agreed to sign two key agreements to boost trade and investment.
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During a meeting on Friday, Kim Sithorn, secretary of state at the Ministry of Commerce, and Saud F.M. Al Suwelim, Saudi Arabia’s Ambassador to Cambodia, agreed to sign agreements on trade and investment protection.
Mr Sithorn asked the Ambassador to urge Saudi firms to consider investments in Cambodia, explaining that Cambodia has many natural resources and tourism sites.
In the meeting, Saudi Arabia expressed an interest in importing agricultural products from Cambodia, particularly milled rice, cassava, rubber, and pepper.
Trade between Cambodia and Saudi Arabia amounted to $12.7 million in 2018, roughly the same as the previous year, according to the Ministry of Commerce.
Mr Al Suwelim said once the trade and investment agreements come into effect trade between the countries will soar.