Day: March 16, 2024

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Bay of Lights’ New Partnership with Annual Investment Meeting Congress Paves Way for Cambodian-Middle East Economic Ties

SIHANOUKVILLE, CAMBODIA – Media OutReach Newswire – 16 March 2024 – 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.

About 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.

Posted on

Bay of Lights’ New Partnership with Annual Investment Meeting Congress Paves Way for Cambodian-Middle East Economic Ties

SIHANOUKVILLE, CAMBODIA – Media OutReach Newswire – 16 March 2024 – 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.

About 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.

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Ambassador Khaddour: Syria believes that combatting drug trafficking is a joint international responsibility


Vienna, Syria’s permanent representative to the United Nations in Vienna, Hasan Khaddour, said that Syria is making unremitting efforts to combat drug trafficking and smuggling by adopting strategies and plans in this regard.

‘Syria, based on its national and humanitarian responsibility, and in implementation of its international obligations, has supported all means of cooperation in combating drugs and psychotropic substances, and has ratified the international conventions related to combating drugs,’ Ambassador Khaddour said in an official statement during a high-level meeting of the sixty-seventh session of the Commission on Narcotic Drugs.

The Syrian diplomat added that Syria has suffered for more than thirteen years from an unjust terrorist war in which all weapons were used, including drugs when terrorist organizations used them as one of their tools and weapons, and a main source of funding, taking advantage of the complex political and security conditions and the geographical location of the Syrian
Arab Republic.

Ambassador Khaddour stressed that efforts exerted by the authorities concerned in Syria led to thwarting several narcotic smuggling operations and confiscating large quantities of narcotic substances. ‘During 2023, nearly 11,331 cases were seized and 10,024,166 Captagon pills were confiscated,’ he said.

Ambassador Khaddour concluded that the escalation of the drugs problem and the increase in the activity of drug dealers and smugglers make it imperative for us, more than ever before, to double the efforts and find appropriate and effective mechanisms to enhance cooperation, saying ‘Syria continues to implement its national strategy in the coming period from 2024 to 2029, and is open to all forms of cooperation in this regard.’

Source: Syrian Arab News Agency

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Russia records highest annual oil exports

Moscow: Moscow Saturday announced that Russia’s crude oil exports had risen to their highest levels in 2024 by about 3.7 million barrels per day.

According to a statement, the Russian Ministry of Energy said, “Russian seaborne crude oil shipments during the last week amounted to 3.7 million barrels per day, and the four-week average rose to 3.36 million barrels per day, reflecting an increase of 50 thousand barrels per day.

Source: Jordan News Agency

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PALESTINE BAR ASSOCIATION CHIEF: MUHAMMAD MUSTAFA’S COMMISSIONING TO FORM A NEW GOVERNMENT CAME IN RESPONSE TO THE PROVISIONS OF THE BASIC LAW

The head of the Palestinian Bar Association, Fadi Abbas, confirmed that appointing Muhammad Mustafa to form a new government came in response to the provisions of the Basic Law in light of the resignation of Muhammad Shtayyeh’s government, according to the Palestinian News Agency, “Wafa”.

Abbas explained in an interview with “Voice of Palestine” on Saturday, that Mustafa has 3 weeks which can be extended for an additional two weeks to form his government, following the provisions of the Basic Law.

He stressed that “the tasks of the new government will be extremely difficult, due to the genocidal war against our people in the Gaza Strip, and the complete war in the West Bank, including occupied Jerusalem.”

Source: National News Agency-Lebanon

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German Chancellor arrives in Jordan to meet King

Aqaba: German Chancellor Olaf Scholz Saturday arrived in Aqaba today, Saturday, before a meeting with His Majesty King Abdullah II on Sunday.

Scholz was received at King Hussein International Airport in Aqaba by the Chairperson of the Board of Commissioners of the Aqaba Special Economic Zone Authority, Nayef Fayez, the Governor of Aqaba, Khaled Hajjaj, and the German Ambassador, Bertram von Moltke.

Source: Jordan News Agency