KOICA’s Aids Contribute to Cambodia’s Socio-Economic Development

The Korean International Cooperation (KOICA)’s grant aid programmes have contributed to the socio-economic development in Cambodia, thus helping the Kingdom to achieve her 2025 vision of becoming a high-income nation, said its President H.E. CHANG Won Sam.

He made the remarks at the official inauguration ceremony of the KOICA-funded National Incubation Centre of Cambodia, held at the Royal University of Phnom Penh on Mar. 14.

He recalled the KOICA’s cooperation with Cambodia dating back to 1991, through its Official Development Assistance (ODA) worth a total of US$363 million.

“KOICA is cooperating in various fields to achieve the Cambodian government’s vision of becoming a high-income country by 2050 and to contribute to the Pentagonal Strategy,” H.E. CHANG Won Sam affirmed.

Among the many KOICA cooperation projects, the National Incubation Centre of Cambodia will support young startups and young people who are ready to start a business to contribute to the future planning of Cambodia.

“We once again extend our sincere congratulations on the inauguration of the NICC. We sincerely hope that the dreams of all our youth will come true and promote the social and economic development of Cambodia,” he said.

In a meeting with KOICA President H.E. CHANG Won Sam at the Peace Palace here on Thursday, Samdech Moha Borvor Thipadei Hun Manet, Prime Minister of Cambodia, spoke highly of the relations and cooperation between Cambodia and the Republic of Korea, especially in the areas of economy, trade and investment, contributing significantly to the socio-economic development of Cambodia.

The Prime Minister thanked the Korean government through KOICA for having provided and continuing to provide ODA to Cambodia.