Australia has been committing to increasing cooperation with Cambodia in the areas of trade and investment in contribution to improved investment environment in the latter.
The commitment was expressed by H.E. Derek YIP, Ambassador of Australia to Cambodia, while he was paying a courtesy call on H.E. SUN Chanthol, Deputy Prime Minister and First Vice President of Council for the Development of Cambodia (CDC), at the CDC headquarters on Oct. 17.
H.E. Derek YIP further revealed his interest on Cambodia’s infrastructure development plans and projects, hoping that Australian companies would contribute to any construction projects in Cambodia in the future.
The Australian ambassador expressed his pride that Australia, through Cambodia Australia Partnership for Resilient Economic Development (CAPRED), has actively contributed to the Government-Private Sector Forum (G-PSF) so far.
For his part, H.E. SUN Chanthol briefed his guest about Cambodia’s investment opportunities and favourable investment climate such as young and dynamic labour forces and the CDC Investment Project Management (cdcIPM), a technology system that allows all investors to register their investment applications everywhere in an easier and time saving manner.
The CDC first vice president also mentioned about the Comprehensive Master Plan on Cambodia Intermodal Transport and Logistics System 2023-2033 which priorities 174 projects in the next decade with an estimated total investment value of US$36.68 billion, as well as the CDC’s planned “knock-on-door” mission to some more foreign countries before the year end to additionally attract more investors to the Kingdom.
