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Estatedia | Economy & Real Estate Media in Cambodia

Cambodia, Indonesia to promote bilateral Iinvestment to a new height

PHNOM PENH: Cambodia and Indonesia have been committed to further promoting bilateral investment to a new height for mutual benefits of both countries and fellow citizens.

The commitment was made during a courtesy meeting between H.E. Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia (CDC), and H.E. Santo Darmosumarto, newly-appointed Ambassador of Indonesia to Cambodia, at the CDC headquarters in Phnom Penh on Mar. 26.

On the occasion, H.E. Sun Chanthol informed his guest about ongoing and future major investment projects such as roads, expressways, railways, waterways, Funan Techo Canal, ports, and logistics and more.

The Cambodian DPM appreciated the good collaboration between the Embassy of the Republic of Indonesia in Cambodia and the CDC so far, and took the opportunity to thank H.E. Santo Darmosumarto for his facilitation of recent exposure visit about digital technology development to promote investment in Cambodia by a CDC delegation to Indonesia.

For his part, H.E. Santo Darmosumarto agreed with the CDC first vice president on the strengthening and expansion of bilateral cooperation in boosting investment through discussion for a possible memorandum of understanding on bilateral investment promotion between Cambodia and Indonesia.

The Indonesian ambassador also requested the CDC to participate in Health Expo in Sihanoukville and other business forums to be organised by the embassy to showcase the investment potentials and opportunities in both countries.

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