Three Chinese companies – Fortune Rich Trade Co., Ltd. Ju Wang Footwear Co., Ltd., Shandong (Cambodia) Economic and Technological Development Zone, and Guoxing Group – have planned to expand their investment activities in Cambodia.
The investment expansion plans have been emphasised by the management of the three firms during their separate courtesy visits to Samdech Moha Borvor Thipadei Hun Manet, Prime Minister of the Kingdom of Cambodia, on Nov. 6 during his stay in Kunming, China’s Yunnan province for a series of summits.
Chairmen of the three companies highly valued the progress in all domains in Cambodia and briefed Samdech Thipadei on the investment activities of their companies in Cambodia and their plan to expand their investment in the creation of women & children’s clothing factory, cassava and cashew growing and creation of a cashew processing plant, and the establishment of an industrial park and production of natural fertiliser to strengthen soil quality and boost agricultural productivity.
For his part, Samdech Thipadei Hun Manet extended congratulations to the three companies on the success of their investment activities in Cambodia and welcomed their investment expansion plans.
The Prime Minister laid stress on the Royal Government of Cambodia’s incentive policy, especially for any investment that uses local raw materials to support production chains for domestic supply and export. He reaffirmed that the Royal Government is open to discussions with the private sector in order to work together for the success of their investment.
Three Chinese Firms Plan to Expand Investment in Cambodia
Cambodian Prime Minister Samdech Thipadei Hun Manet (R) shakes hands with Mr. Wu Yujie, Chairman of Shandong (Cambodia) Economic and Technological Development Zone
Cambodian Prime Minister Samdech Thipadei Hun Manet (R) poses for a photo with Mr. Li Guolian, Chairman of Guoxing Group
