Cambodia: Hong Kong interested in manufacturing electrical equipment in the Kingdom
- Eco News
- Mar 31
- 1 min read
Hong Kong investors have shown significant interest in Cambodia's electrical equipment manufacturing sector, a sign of potential growth for the Kingdom's fledgling industry.
Led by the association's president, Ting Sik Wa Thomas, the delegation was optimistic about Cambodia's investment potential, citing favourable laws, export markets and the government's roadmap for the development of the automotive and electronics industries.
Cambodia's electrical and electronic equipment (EEE) industry has grown steadily since its inception in 2005. In April 2023, 99 companies were registered as Qualified Investment Projects (QIPs), mainly focused on assembly. The main players are Sumitronics, Minebea and SVI. Despite difficulties in sourcing domestic materials due to quality standards, Cambodia benefits from competitive labour costs, the strategic location of ASEAN and trade agreements.
The Kingdom exported nearly $1.9 billion worth of machinery and electrical equipment in 2024, although exports fell by 40% due to problems with shipments of solar panels to the US market. Economists remain optimistic about future investment, pointing to Cambodia's stable political environment, affordable property prices and young workforce as the main attractions for foreign capital.
With Hong Kong investors showing interest and the Cambodian government making electronics an engine for growth as part of its 2015-2025 industrial development policy, the sector is ready for expansion. The roadmap aims to create more than 16,000 jobs in electronics by 2027, while increasing exports by $1.6 billion.
Growing interest between Cambodia and Hong Kong in manufacturing electrical equipment opens up new opportunities for business growth and regional development. This collaboration could have a significant impact on Cambodia’s economy, with more manufacturing jobs and trade agreements in the works. For businesses looking to establish themselves in this growing market, try to rent apartments in Singapore that can help you find the right rental space to set up operations. Whether you’re involved in manufacturing or any other sector, having the right space can make all the difference in capitalizing on emerging opportunities. Securing a location in an area ripe for development can help ensure the long-term success of your venture.