Phnom Penh: Cambodian Prime Minister Samdech Moha Borvor Thipadei Hun Manet received separately two leading foreign investors from Malaysia and Singapore at the Peace Palace in Phnom Penh this morning. The dignitaries were Mr. Datuk Kwek Leng San, President and CEO of Hong Leong Manufacturing Group, and Mr. Robert Yap, Executive Chairman of YCH Group.

According to Agence Kampuchea Presse, Mr. Datuk Kwek Leng San discussed the operations of his company, which spans finance, real estate, manufacturing, and technology sectors in countries like China, Hong Kong, the UK, and several ASEAN and European nations. He expressed interest in expanding investments in Cambodia beyond the banking sector into other potential areas.

Mr. Robert Yap highlighted the investment opportunities and potential in Cambodia, expressing YCH Group’s interest in investing in infrastructure connectivity, transport, and logistics within the Kingdom. He mentioned that YCH Group is active in 16 countries globally.

In response, Samdech Thipa
dei Hun Manet conveyed his appreciation for the progress of both companies and welcomed their interest in expanding their investments in Cambodia. The Prime Minister emphasized Cambodia’s conducive investment environment, open legal framework, and incentive policies for the private sector. He also highlighted the benefits of free trade agreements that provide access to wider markets.

The Premier encouraged the two companies to hold detailed discussions with relevant Cambodian ministries and state institutions to further their investment plans. In terms of foreign investment, H.E. Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for Development of Cambodia, noted that the Kingdom has attracted 379 investment projects worth approximately US$6 billion in the first eleven months of this year.