PHNOM PENH: His Excellency Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia (CDC), met with two prominent delegations on Monday, December 9, 2024 to discuss investment opportunities in the Kingdom.
US Investment Delegation Shows Strong Interest
A 16-member American investment delegation, led by Kim Chha Hout, Cambodia Honorary Consul General and President of the Cambodia Chamber of Commerce in California, visited Cambodia to explore potential investment avenues. This visit follows the CDC’s successful investment promotion mission to the US in September 2024.
The US delegation expressed keen interest in sectors such as technology, agro-industry, and education. Kim Chha Hout also announced plans for a larger US business delegation to visit Cambodia from December 9 to 13, 2024, to further explore investment opportunities and incentives.
CCECC Reinforces Commitment to Cambodia’s Infrastructure Development
His Excellency Sun Chanthol also met with Mr. Sun Xiangchun, Vice President of China Civil Engineering Construction Corporation (CCECC), and his team. The meeting focused on CCECC’s ongoing infrastructure projects in Cambodia and the company’s future investment plans.
The Deputy Prime Minister highlighted the Royal Government’s commitment to attracting private investment and creating a conducive business environment. CCECC expressed its intention to continue contributing to Cambodia’s infrastructure development and presented several potential projects.
These high-level meetings underscore Cambodia’s growing attractiveness as an investment destination and its potential to become a regional economic hub.
Strong Investment Momentum Continues
The Council for the Development of Cambodia (CDC) approved 43 investment projects worth $939 million in November 2024. These projects are expected to create approximately 39,000 jobs. Of the total, 32 projects will be located outside special economic zones, while 11 will be within special economic zones.
These high-level meetings and strong investment figures underscore Cambodia’s growing attractiveness as an investment destination and its potential to become a regional economic hub.
