Tap into Cambodia, PM tells Australian investors

Tap into Cambodia, PM tells Australian investors

Prime Minister Hun Manet on Tuesday called on Australian businesses to explore the opportunities for investing in Cambodia by taking advantage of the country’s vibrant trade and investment policies.

While presiding over the opening session of the Cambodia-Australia Business Forum, organized by the Cambodia Chamber of Commerce and the Victorian Chamber of Commerce and Industry with the participation of 350 investors in Melbourne, the Prime Minister gave a detailed description of the opportunities for investments in Cambodia.

Mr Hun Manet exhorted Australian investors to come to Cambodia to learn about investment opportunities firsthand. “I urge Australian investors seeking new horizons to visit Cambodia, experience the nation’s dynamic potential, explore its diverse opportunities, take advantage of First-Mover benefit and make strategic decisions aligned with our strong bilateral relationship,” he said.

Cambodia, the Prime Minister added, offers several avenues for growth. “We welcome you with open arms, offering steadfast support, genuine hospitality, and a shared commitment to prosperity,” Mr Hun Manet said.

The Prime Minister, in particular, drew attention to Cambodia’s commitment to sustainable energy, saying that it presents a lucrative opportunity for Australian investors. With abundant solar and hydropower potential and ambitious targets outlined in the Power Development Plan 2022-2040, Cambodia is an ideal market to deploy Australian expertise, he pointed out.

The country’s focus on reliability, affordability, and its target of reaching carbon neutrality by 2050 creates a stable, long-term investment environment. For Australian clean energy companies, it’s a chance to tap into a dynamic market, support sustainable development goals, and reinforce Australia’s reputation as a global player in the transition to a clean energy future, the Prime Minister said.

Over the past three decades, Australia has always been a key investor in Cambodia. Australia’s commercial interests in Cambodia have spanned across many sectors, including education services, food and beverage, financial services, mining and resources, hospitality, and garment sourcing.

Australia’s investment in Cambodia is not just a strategic decision, it is, in fact, an investment in the future prosperity of both nations, the premier underscored. khmertimeskh

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