Phnom Penh 41st out of 100 cities in the Asia-Pacific region in terms of quality of life, attractiveness and prosperity

According to the latest ‘Asia-Pacific's Best Cities’ report by the consultancy firm Resonance. Phnom Penh is ranked 41st out of 100 cities in the Asia-Pacific region in terms of quality of life, attractiveness and prosperity.

Phom Penh

The report, published in mid-February, highlights that “the city has recovered from the Khmer Rouge regime and has rapidly positioned itself as a hub for investors, expatriates and international businesses. The city has the lowest unemployment rate and the second highest labour force participation rate, giving it an ‘impressive’ score of 25 in the overall prosperity category. Over the next decade, the city will see major expansions, with major projects such as Olympia City and Diamond Island attracting foreign direct investment and international businesses. Leading international brands such as Aeon Mall and Raffles Hotel are also establishing a strong presence in the city. The City Center 2 project is set to reshape Phnom Penh's skyline with modern office towers and high-end residences, reinforcing its status as a key business centre in the region. The Global Tech Exchange, a district specialising in technological innovation, aims to attract international technology companies and foster a dynamic ecosystem of start-ups, which could improve Phnom Penh's attractiveness as a business location”