Golden Port SEZ Development Co Ltd, a Chinese special economic zone developer, has announced its intention to invest in Cambodia after receiving details about the potential and favourable investment climate from senior Cambodian officials for the second time.

The presentation of Golden Port SEZ’s intent was made during a working meeting between Chea Vuthy, Secretary-General of the CDC’s Cambodia Investment Board (CIB), and a delegation of investment companies led by Kang Leng, Chairman of the Board of Directors of Golden Port SEZ Development on Monday.

According to a press release from the CDC, the delegation of companies has business objectives in several areas, such as the production of industrial machinery, the provision of wastewater treatment solutions, the production of wastewater treatment products, the manufacture of electrical and electronic equipment, the provision of environmental technical engineering services, the production of machines for packaging processing, and the production of LED lamps.

During the meeting, Vuthy extended a warm welcome to Kang, who led a delegation of investment companies for the second time to learn more about the favourable investment climate and potential in Cambodia.

At the same time, the Secretary-General briefed on the structure and roles of the CDC, particularly focussing on the promotion of private investment, which currently has an open, transparent, and clear investment law.

In addition, Vuthy also highlighted the dramatic increase in investment flows in the first year of the 7th term of the Royal Government, which reflects the strong confidence of the private sector in the leadership of government, by continuing to put forward a series of support measures to improve the business and investment environment.

After listening to the presentation and recommendations of the Secretary-General, the members of the delegation expressed great interest in Cambodia’s favourable investment environment, raised several questions about the sectors the company intends to invest in and gave a positive intent for their investment decisions in Cambodia.

• Tags: investment climate, SEZ development