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.

G7 consensus reached on advancing AI for sustainable development


VERONA: The ministers of the G7 countries reached a landmark consensus in Verona, Italy on the critical global debate of Artificial Intelligence (AI). Under the scope ‘Digital Development – Growing Together’, G7 countries acknowledged the need to work in partnership with developing countries to strengthen local AI digital ecosystems, according to the United Nations Development Programme (UNDP).

It says that by collaborating with the UNDP, the Italian G7 Presidency championed the need for new multi-stakeholder partnerships to foster local impact in developing countries. Key areas include democratising computing power, developing open and secure data models, and strengthening capacities to advance AI for sustainable development. These seek to ensure that access to AI is equitable, inclusive and responsible, thereby supporting safe, secure and trustworthy development and deployment.

‘In line with the Italy-Africa Mattei Plan, the Ministry of Enterprises and Made in Italy is grateful for the achievement of th
is consensus on digital development in the G7 Ministerial. The engagement with Africa – governments, the private sector, including start-ups and industries – has strengthened our resolve that we must democratise AI resources, and ‘walk the talk’,’ said Adolfo Urso, Minister of Enterprises and Made in Italy.

In a milestone year for digital development, the Italian G7 Presidency and the Brazilian G20 Presidency are both advancing dialogues and actions, with AI identified as a common priority for sustainable development.

‘Brazil’s G20 Presidency congratulates Italy for the consensus achieved in Verona. In line with our G20 theme on mobilising actions for a just world and a sustainable planet, we look forward to working together with the G7 countries and other partners in the G20 to move forward our priority on AI to drive sustainable development and to reduce inequalities,’ said Ambassador Luciano Mazza de Andrade, Chair of Brazil’s G20 Digital Economy Working Group.

Recognising the significance of this pivot
al consensus, UNDP Administrator Achim Steiner said, ‘Bridging the gap between global discussion and local impact is paramount — helping to ensure that all communities, everywhere, can better unlock the immense potential of AI to advance next-generation development solutions, from climate action to pioneering new financial mechanisms. Leveraging the UNDP Rome Centre as a platform to foster new partnerships and investment — from both the public and private sectors — UNDP is proud to work alongside the G7 to advance more equitable partnerships with developing countries in helping to ensure that AI is a catalyst for positive change on a global scale.’

Following this significant milestone achieved in Italy through the landmark ‘Verona Process on Digital Development’, the Italian G7 Presidency and UNDP will continue their engagement to co-design an AI Hub for Sustainable Development with countries in Africa in 2024, including with stakeholders from the technology industry and start-ups that are committed to ad
vancing the Sustainable

Source: Emirates News Agency

FM congratulates Irish counterpart on National Day

The Minister of Foreign Affairs, Hisham Sharaf, on Saturday, sent a cable of congratulations to Minister of Foreign Affairs of the Republic of Ireland, Micheál Martin.

In the cable, Sharaf expressed his congratulations to Martin on the occasion of his country’s celebrations of the National Day.

Source: Yemen News Agency

Meteorology expects active winds, rain, And hot weather

The National Center for Meteorology and Early Warning expects active winds on the coasts, scattered rain in several provinces, , hot weather in the desert areas and coastal plains during the next 24 hours.

The center stated in its weather bulletin, a copy of which was received by the Yemeni News Agency (Saba), that it expects wind activity on the south of the western coast, the entrance to Bab al-Mandab, and the western Gulf of Aden, with a maximum speed reaching 32 knots.

Scattered rains of varying intensity, sometimes accompanied by thunder, are expected to fall in parts of the Sa’ada, Hajjah, Al Mahwit, Amran, Sana’a, Dhamar and Raymah.

Fishermen, ship captains, and seafarers in the south of the western coast, the entrance to Bab al-Mandab, and the western Gulf of Aden were alerted to the turbulent sea and high waves.

It also alerted citizens in the central and southern regions of the western coast and the inland areas adjacent to it of dust and sand stirred up by active winds, in the desert areas and
coastal plains of hot weather, dust and sand.

Source: Yemen News Agency

Mass march in Taiz confirming Yemeni position in support of Gaza

Taiz governorate, massive public marches in support of Gaza in the face of the crimes and massacres of the Zionist occupation and to denounce the American-British aggression against Yemen.

During the marches, participants chanted slogans denouncing the ongoing Zionist aggression against the Gaza Strip.

The statement condemned the continuation of the blatant American-British aggression that affected a number of Yemeni provinces.

Source: Yemen News Agency

Mass march in Mahwit confirming Yemeni position in support of Gaza

Mahwit governorate, massive public marches in support of Gaza in the face of the crimes and massacres of the Zionist occupation and to denounce the American-British aggression against Yemen.

During the marches, participants chanted slogans denouncing the ongoing Zionist aggression against the Gaza Strip.

The statement condemned the continuation of the blatant American-British aggression that affected a number of Yemeni provinces.

Source: Yemen News Agency