Cambodia, China discuss ways to develop industrial corridor

Cambodia, China discuss ways to develop industrial corridor

The Council for the Development of Cambodia (CDC) in collaboration with the National Development and Reform Commission of China (NDRC) discussed ways to establish the Industrial and Technological Corridor (ITC) to ensure a positive impact on the Kingdom’s socio-economic development.

Suon Sophal, Deputy Secretary General of the Cambodian Investment Board of CDC on Wednesday organised a meeting with the Chinese delegation led by Zhang Jianhua, Deputy Director General of the Department of Foreign Capital and Overseas Investment of NDCR for the development of the ICT project at the Government Palace, Phnom Penh.

Both sides exchanged views and discussed cooperation plans for the development of the ITC that will significantly contribute to the economic growth and strengthen the common destiny of the Cambodia-China Community (CCC) which was enriched by the diamond hexagon cooperation.

Sophal and the Chinese delegation had a meeting with the fraternity on the research cooperation to establish the ICT project as they expected it to be part of the driving force for the Kingdom’s economic growth towards achieving the vision of becoming a high-middle-income country by 2050.

The two parties also agreed to consolidate the cooperation plan with the Pentagonal Strategy issued by the Royal Government of Cambodia (RGC) and the Belt and Road Initiative (BRI) introduced by Chinese President Xi Jinping and other national policy documents aimed at ensuring efficiency, effectiveness and positive impact on socio-economic development.

According to a CDC press release, the ICT project is an achievement that was borne out of the framework of comprehensive strategic partnership cooperation, Cambodia-China diamond cooperation and the memorandum of understanding on the joint development mechanism for the construction of an industrial development corridor between the CDC and NDRC signed on September 15, last year.

The MoU simultaneously with the first visit of Prime Minister Hun Manet to China aimed at promoting the implementation of the important consensus of the Cambodian and Chinese leaders on examining the feasibility of establishing an industrial development corridor.

A day earlier, Sun Chanthol, Deputy Prime Minister and First Vice-Chairman of CDC received a courtesy visit from Li Changgui, Vice President of China Road and Bridge Corporation (CRBC).

During the meeting, Chanthol mentioned some of the priority projects that RGC and CRBC have been implementing and examining to ensure that all projects will be completed soon and produce maximum results.

The CRBC Vice President expressed a strong commitment to accelerate the procedures and technical system of these projects in line with the RGC plan. (khmertimeskh)

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