As the scars of the Khmer Rouge regime slowly heal, Phnom Penh is rapidly positioning itself as a major hub for investors, expatriates and global businesses. Powered by the lowest unemployment rate and second-highest labor force participation in our ranking, Phnom Penh sits an impressive #25 in our overall Prosperity category. The next decade will see significant expansions, led by major projects like the continued development of Olympia City and the expansion of Diamond Island (Koh Pich) that are not just reshaping the city’s skyline but also attracting foreign direct investment and international businesses. Aeon Mall and Raffles Hotel are just a few of the global names establishing a strong presence in the city, drawn by its strategic location and economic potential. The upcoming City Center 2 project is another highlight, promising to redefine Phnom Penh’s skyline with state-of-the-art office towers and luxury residences and further bolstering the city’s status as a regional business hub. The Global Tech Exchange, a forthcoming business district dedicated to tech innovation, is expected to be a game-changer for the city, attracting international tech companies and fostering a robust start-up ecosystem (which is sure to improve its #72 Business Ecosystem ranking). An ambitious airport expansion should be ready by the end of the decade.