DHL plans to tap into the growing textile export business from Cambodia via its Global Forwarding arm’s new office in Phnom Penh which was opened yesterday.
The new DHL fashion and apparel centre – DHL’s seventh such centre in the Asia Pacific - is located in the Regency Square Business Complex close to the capital’s center and will also be used to support oil and energy customers.
“The new office reflects our commitment to expand our reach in the region and to continually invest in Cambodia,” said Amadou Diallo, Chief Executive Officer, Africa and South Asia Pacific, DHL Global Forwarding.
“We are very optimistic about the country’s growth potential - gross domestic product growth stands at 5.5% in 2010, higher than the forecast of 4.9% by the World Bank.
“We believe that 2011 will be an even better year for Cambodia now that economic recovery is well underway.”
Huykieu Khau, Managing Director, DHL Logistics (Cambodia) Ltd said Cambodia was an increasingly important part of DHL’s global fashion and apparel aspirations.
“In the initial 11 months of 2010, garments and textiles contributed nearly US$2.82 billion to Cambodia, which is a 20.15% increase from the same period last year,” he said. “Moreover, EU tax exemptions for Cambodia mean export growth is likely to continue to rise.”