While the investment volume of the European Union (EU) in Cambodia remains low, its senior delegation encourages Cambodia investment roadshows in the zone to attract more investments.
The EU delegation led by Mr. Peteris Ustubs, Director for the Middle East, Asia, and Pacific in the Directorate-General for International Partnerships (DG INTPA), and H.E. Igor Driesmans, Ambassador of the European Union to Cambodia, floated the initiative when received by H.E. Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia, at his office on Mar. 11.
According to H.E. Sun Chanthol, the investment cooperation between Cambodia and the EU is around US$540 million, or 62 qualified investment projects.
There are investments from the United States, Korea, Japan, China, ASEAN countries, and others in Cambodia, but Cambodia also urges more investments from the European Union, he added.
The deputy prime minister welcomed the initiative, taking note that the EU is very keen
on green and technology investments.
He also informed his guests that to further support the private sector, the Royal Government of Cambodia has invested in key infrastructure and carried out policies and reforms.
A comprehensive master plan on the ‘Cambodian Transit and Logistics System 2023-2033’ has been launched, covering 174 projects that can be of the EU’s interest.
Cambodia has also kick-started vocational and technical training programmes for 1.5 million young people from poor and vulnerable families to increase their capacity to create a pool of skilled labour force responsive to the competitive job market and new industry.
Source: Agence Kampuchea Presse