Cambodia-China Progressive Association plans major infrastructure investments
Cambodia-China Progressive Association plans major infrastructure investments
Suon Sophal, Deputy Secretary General of the Board of Investment of Cambodia, highlighted to the delegation of investors led by Zhong Zhengbing, Vice-President of the Cambodia-China Progress Association, the cooperation initiative to establish an industrial corridor and a fish and rice corridor, intended to be the driving force behind Cambodia’s economic growth and for achieving Cambodia’s vision for 2050.
Sophal also noted the provision of investment facilitation, investment incentives and investment maintenance services under the “Investment Law of the Kingdom of Cambodia” and encouraged the delegation to study it with relevant ministries and institutions, especially the Ministry of Public Works and Transport, who will provide additional cooperation for the project as well.
At the July 25 meeting, which focused on enhancing infrastructure development and exploring investment opportunities in Cambodia, Zhong expressed the association’s commitment to investing in strategic sectors that support the development of a sophisticated transit transportation system.
This initiative aims to enhance national connectivity and integrate Cambodia more closely with regional networks, thereby boosting national economic growth and addressing societal needs in a sustainable and environmentally conscious manner.
Zhong also extended his gratitude for the opportunity to discuss other areas of potential collaboration and affirmed the association’s dedication to supporting Cambodia’s infrastructure ambitions.
