Cambodia and Saudi Arabia have affirmed to expand cooperation in trade and investment as bilateral trade volume of both countries remains minimal.
The discussion was made during a recent bilateral talk between H.E. Kem Sithan, Secretary of State at the Ministry of Commerce, and H.E. Saud F.M. Al Suwelim, Ambassador of Saudi Arabia to Cambodia, at the ministry office in Phnom Penh.
H.E. Saud F.M. Al Suwelim said Saudi Arabia is interested in exporting its petroleum, gas and other goods to Cambodia, and in importing agricultural products such as milled rice, cassava, rubber latex, pepper, and raw materials from Cambodia.
The ambassador also mentioned about the needs of a lot of labour forces from Cambodia to work in the country.
For his part, H.E. Kem Sithan welcomed the said plan, and requested the two countries to start with signing of agreement on trade and investment protection.
H.E. Secretary of State also suggested H.E. Saud F.M. Al Suwelim to encourage more Saudi investors and travellers to visit Cambodia to study investment potential and business environment and enjoy tourist attractions in the Kingdom, rich of natural and historical cultural heritage.
According to the government's record, the two-way trade between Cambodia and Saudi Arabia was only US$12.77 million in 2018.
Source: Agency Kampuchea Press