Cambodia urged to organise investment roadshows in EU

Cambodia urged to organise investment roadshows in EU

Cambodia was recently urged to organise roadshows in Europe to attract more investments from the 27-member European Union bloc.

The proposal was put forward by the visiting European Union delegation during a meeting with Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia, at his office.

As the investment volume from the EU in Cambodia remains low, the delegation encouraged Cambodia to organise roadshows in the zone to attract more investments, a press release said yesterday.

The EU delegation was led by Peteris Ustubs, Director for the Middle East, Asia and Pacific at the Directorate-General for International Partnerships and Igor Driesmans, Ambassador of the EU to Cambodia.

According to Chanthol, investments from the EU in 62 qualified investment projects in Cambodia were estimated to be around $540 million.

There are investments from the US, Korea, Japan, China, ASEAN countries and others in Cambodia, but the Kingdom also seeks more investments from the EU, he added.

The Deputy Prime Minister also welcomed the suggestion regarding investment roadshows, taking note of the EU’s interest in green and technology investments. He said that to support the private sector, the Royal Government of Cambodia has invested in key infrastructure development projects and carried out investment-friendly policies and reforms.

A comprehensive master plan on the ‘Cambodian Transit and Logistics System 2023–2033’ has been launched recently, covering 174 projects, which he hoped, the EU investors would also be interested in.

Cambodia has also started a massive vocational and technical training programme to upskill 1.5 million young people to increase their capacity to create a pool of skilled labour force.khmertimeskh

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