Cambodia, Germany to go hand in hand to attract investors from both countries

PHNOM PENH: and Germany would go hand in hand to attract investors from both countries for the sake of strengthening bilateral relations and cooperation.

The remark was made by , Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia (CDC), while receiving Mr. Johannes Steiniger, a Member of the German Bundestag and Dr. Stefan Heck, Chairman of the Christian Democratic Union (CDU) Marburg-Biedenkopf, accompanied by representatives of Konrad-Adenauer-Stiftung (KAS) Cambodia, at the CDC headquarters in Phnom Penh on Feb. 14.

H.E. SUN Chanthol also informed his guests about Cambodia's development under the shadow of full peace, political stability, macroeconomic stability, increased life expectancy, reduced poverty rate through access to education, clean water, electricity, health, social infrastructure, and improved living conditions.

In this regard, the First Vice President of CDC laid stress on the effort of the Royal Government of Cambodia (RGC) to turn the country into a high-income economy by 2050.

He also mentioned the main roles of CDC to attract more investors to Cambodia, facilitate investment affairs through investment law that is widely open for all investors, as well as collaborate with 15 working groups of the Government-Private Sector Forum (G-PSF), which would deal with investors' problems and concerns.

H.E SUN Chanthol added that to support the investment affairs, the RGC has developed physical infrastructure and issued a Comprehensive Intermodal Transport and Logistics Master Plan (CIT-MP) 2023-2033 to reduce transport and logistics costs.

The German side praised Cambodia's development in all sectors, adding that the purpose of the German delegation's visit to the Kingdom was to further strengthen the bilateral cooperation between both countries

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