Cambodia and Kuwait have inked a deal to invest in the energy and food sectors to further strengthen friendship and cooperation between the two countries.
Prime Minister Hun Sen encouraged Kuwait to consider supporting energy, while Cambodia supports food. The commitment was made during a meeting between Cambodia's prime minister and Mohamad Saeed Al-Hajri, Ambassador of the State of Kuwait, on October 4.
“You should look at other areas where the two countries can cooperate because Kuwait has a separate energy source while Cambodia has food. The two sectors can boost trade to complement each other in the future”, the Prime Minister said.
Cambodia will expand friendship and cooperation between the two countries, as well as the commitment to promote the implementation of the signed agreement, Hun Sen added.
Mohamad Saeed Al-Hajri, Ambassador of the State of Kuwait, will promote the implementation of all agreements reached between the two countries previously. This includes an agreement on direct flights and food trade.
“Coming to the Kingdom of Cambodia at this time, I will make every effort to strengthen the friendship and cooperation between the two countries, and Kuwait welcomes employment of Cambodian workers wishing to work in Kuwait,” Al-Hajri said.
According to the Observatory of Economic Complexity (OEC), in 2020, Kuwait exported $1.65 million to Cambodia. The main products were cars ($1.47 million), buses ($138,000), and ethylene polymers ($30,600).
During the last 20 years, exports from Kuwait to Cambodia have increased at an annual rate of 10.8 percent, while Cambodia exported $23.6 million to Kuwait. The main products that Cambodia exported were knit T-shirts ($3.46 million), knit men's suits ($2.19 million), and knit sweaters ($2.12 million).