The leader of Wuxi Guolian Group Co., Ltd., based in Wuxi City, Jiangsu Province, People’s Republic of China, is exploring investment opportunities in Cambodia’s priority and high-potential sectors, particularly in finance, manufacturing, green energy, and renewable energy.
Hua Xiao Feng, Vice President of Wuxi Guolian Group Co., Ltd., revealed the investment plan in a meeting today with Chea Vuthy, Secretary General of the Cambodian Investment Board (CIB) under the Council for the Development of Cambodia (CDC).
Xiao Feng said that Wuxi Guolian Group, a Chinese state-owned enterprise with a history of approximately 106 years, operates in various sectors including finance, securities, manufacturing, green, and renewable energy. The company has also invested in infrastructure projects such as airports, hotels, and subways.
The Vice President expressed Wuxi Guolian Group Co., Ltd.’s willingness to contribute to the development of the Sihanoukville Special Economic Zone and to promote the processing of agricultural products for export to the Chinese market. He also expressed hope that the Royal Government of Cambodia would continue to support investors from Wuxi and the Sihanoukville Special Economic Zone.
In response, Vuthy welcomed the delegation, briefed them on Cambodia’s overall investment climate and the status of its special economic zones, and expressed gratitude to the Governor of Wuxi for consistently encouraging and supporting Wuxi investors to invest in Cambodia, particularly in the Sihanoukville Special Economic Zone.
He emphasised the importance of accelerating the development of the “Industrial and Technology Corridor” and the “Fish and Rice Corridor” to attract investment, noting that the Royal Government of Cambodia is prioritising the diversification of agricultural export markets, particularly targeting China.
Additionally, Vuthy requested Chinese support to boost investment in the production of raw materials and semi-finished goods within Cambodia to strengthen supply chain stability and enhance domestic value addition.Kampuchea Thmey