CDC committed to becoming high-level consultant institution for all investors

PHNOM PENH: () is committed to becoming a high-level consultant institution to all investors by providing them with key information about Cambodia so that they have sufficient and clear basis before deciding to invest in the Kingdom.

The commitment was made by H.E. Sun Chanthol, Deputy Prime Minister and First Vice President of the CDC, while he was receiving a courtesy call from Mr. Paul Clements, Executive Chairperson of the International Business Chamber (IBC) of Cambodia, at the CDC headquarters here recently.

According to H.E. Sun Chanthol, the CDC has been upgrading its qualified investment project (QIP) registration to ease investment registration of all investors in the country.

On the occasion, the CDC vice president also briefed his guest about the Funan Techo Canal Project – a historical waterway transport project linking Cambodian river to the sea route – whose study had been thoroughly conducted by 48-member technical team and international consultants using international standards and technologies, including drones and satellite.

H.E. Sun Chanthol reassured that the Funan Techo Canal Project provides no negative impact on Cambodian environment and that of neighbouring countries, but it would contribute to the reduction of greenhouse gas emissions into the atmosphere.

For his part, Mr. Paul Clements informed H.E. Sun Chanthol about IBC's mission in Cambodia over the last three decades, and its active participation with the Royal Government of Cambodia (RGC), particularly in the Working Group D of the 19th Government-Private Sector Forum.

The IBC chairperson also mentioned about the IBC's work direction and action plan such as creating opportunities for members of chambers of commerce in Cambodia, such as Cambodia Chamber of Commerce (CCC) and American Chamber of Commerce (AmCham) to discuss and share experience to attract more investment to the Kingdom.

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