Bosch Continues To Thrive In The Kingdom

 Bosch Cambodia, a German supplier of power tools and automotive parts, recently announced that its sales revenue grew by 22 percent in 2015, driven largely by the rising number of construction and automotive projects in the Kingdom. 

Since launching operations in Cambodia in 2010, the European electronics and engineering giant has experienced double-digit growth in sales revenue every year. Government data shows steady growth in both the automotive and construction sectors. The number of registered vehicles in Cambodia increased by 14 percent in 2015, according to the Ministry of Public Works and Transportation. Data from the Ministry of Land Management, Urban Planning and Construction shows that 990 construction projects valued at over $6.5 billion were approved during the first five months of 2016, a 400 percent increase in value year-on-year. 

For more on this story, please click here.