Cambodia Investment Review
Canopy Sands Development, the master developer of the largest coastal city in Cambodia, recently showcased its 934-hectare development, the Bay of Lights, at the Annual Investment Meeting (AIM) 2023 Congress in Abu Dhabi. This prestigious event marked the first time a Cambodian project was invited by AIM, further solidifying Canopy Sands Development’s formidable position in the real estate development sector.
The AIM Congress is a global platform that attracts over 10,000 participants, including prominent investors, business professionals from 175 countries, and more than 500 pre-screened exhibitors. Canopy Sands Development’s invitation to the congress underscores the company’s strong position in the real estate development sector.
The unique investment opportunities in Cambodia
At the congress, delegates from around the world were presented with an overview of the unique investment opportunities in Cambodia, with a particular focus on the Bay of Lights. The project and the country were highlighted as prime considerations for international investors looking to participate in Asian and global financial reform.
Read more: International business community realizing Cambodia’s true investment potential
Cambodia, at the heart of Southeast Asia and the center point of a golden triangle between China, India, and Indonesia, offers a rapidly growing economy for investors to tap into. The Bay of Lights, set to be gazetted as a special zone covering tourism, real estate, and more, is poised to become the next destination in Indochina for the coming decade.
During the event, The Canopy Sands Development team had the opportunity to engage with Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade and signatory of the comprehensive economic partnership agreement (CEPA) between Cambodia and the UAE.
Dr. Thani was among the many dignitaries from Europe, the Middle East, and Africa (EMEA) who visited the Cambodia and Bay of Lights promotion booth to learn more about the showcased opportunity.
Mission of attracting global capital flows
“Bay of Lights offers a unique opportunity for international investors to tap into Asia’s rapidly growing economy, aiming to bring together the economies around the world within a safe and efficient financial corridor,” said Edward Lee, the Bay of Lights senior representative. He further stated that the project stands at the forefront of pursuing ESG best practices, reflecting Canopy Sands Development’s commitment to sustainable and responsible growth.
The Bay of Lights project is a significant step towards Canopy Sands Development’s mission of attracting global capital flows and global financial institutions to Cambodia. With the AIM Congress as the forerunner of a series of planned roadshows – the interest attracted from international investors can pave the way for Cambodia’s vision to thrive as the next financial hub for Southeast Asia.
