Bay of Lights development, Cambodia’s burgeoning financial and tourism beacon, is proud to announce its groundbreaking strategic partnership with the United Arab Emirates’ premier investment platform, the Annual Investment Meeting (AIM) Congress. This partnership marks a pivotal step in bolstering the growing ties between Asia and the Middle East and is set to ignite a dynamic phase in Cambodia’s economic development.
A New Chapter Begins: Signing the Strategic Partnership at Bay of Lights Business Center
After almost a year of negotiations and insightful exchanges, including several visits by AIM’s Director General, this collaboration was formalized amid great anticipation. The milestone agreement was signed at Bay of Lights’ new Business Center in Sihanoukville, presided by Deputy Governor of Preah Sihanouk Province, Em Pheap.
His Excellency Dawood Al Shezawi, President of AIM Congress, as the ceremony’s signatory, highlighted the partnership’s significance. This agreement allows AIM Congress Asia to be hosted at Bay of Lights, Sihanoukville, offering a platform for global investors and government officials to discover Cambodia’s extensive opportunities.
AIM Congress is a leading Middle Eastern investment platform focusing on FDI opportunities, future cities, and SMEs. They have hosted over 10,000 delegates across 175 countries, partnering more than 500 exhibitors to drive economic growth and international ties.
The synergy between Bay of Lights and AIM Congress is poised to channel Middle Eastern investments into the heart of Asia, stimulating unparalleled growth and prosperity. Together, both parties plan to build Sihanoukville’s first international Convention and Exhibition Center within Bay of Lights, an 11-hectare state-of-the-art venue for global conventions and premier events.
This landmark agreement is far from the climax of this collaboration; May this year is set to witness another milestone. In Abu Dhabi, during the AIM Congress 2024, the partners are expected to finalize the joint development agreement, further solidifying their commitment to shaping a flourishing future through innovative development strategies.
Bay of Lights
Bay of Lights is transforming Sihanoukville, Cambodia’s skyline. With a USD 16 billion investment, this 934-hectare beachfront project includes nine districts embodying six pillars: Financial Services, Tourism, Education, Entertainment & Lifestyle, Health & Wellness, and Art & Culture. It’s designed to create a world-class hub, enhancing sector connectivity and stimulating economic growth.
The issuer is solely responsible for the content of this announcement.