Kingdom hosts WEF conference for the first time
From 10-12 May at Phnom Penh’s Sokha Hotel, Cambodia will host the 2017 World Economic Forum (WEF) on East Asia, a convening of top figures in politics and business from around the region. The six co-chairs include Jamaludin Ibrahim, the president and CEO of Malaysia’s Axiata Group, John Rice, the vice-chairman of GE in Hong Kong and Wolfgang Jamann, the CEO of Care International.
The event’s theme focuses on the youth of Asean and how they will drive economic growth for the region – mainly through digital technology. “The key reason for choosing Cambodia is that the economic growth is remarkable, especially for the region,” Ministry of Commerce spokeswoman Seung Sophari told the
Cambodia Daily. “Cambodia can be chosen as the role model among the lessdeveloped countries.” Indeed, Cambodia’s economic progress has been remarkable – it has held a steady economic growth rate of 7% per year for the past few years – although some argue the gains have been top-heavy and poorly managed.