Cambodia Investment Review
Canadia Group, one of Cambodia’s largest conglomerates, proudly welcomed Mr. John KC Lee, Chief Executive of Hong Kong Special Administrative Region (HKSAR), and Dr. Peter KN Lam, Chairman of the Hong Kong Trade Development Council (HKTDC), along with their delegation.
Lok Neak Oknha Dr. Pung Kheav Se, Chairman of Canadia Group, expressed profound honor in hosting the distinguished guests, acknowledging the visit as a significant endorsement of Canadia Group’s efforts and achievements. He emphasized the group’s long-standing commitment to fostering economic and cultural ties between Cambodia and China, and its reputation for honesty, innovation, and quality.
Cambodia’s Favorable Investment Climate
Chairman Pung highlighted Cambodia’s favorable investment climate, noting the country’s impressive 7% average economic growth rate over the past decade, driven by tourism, textiles, construction, and agriculture. He also cited Cambodia’s stable political environment, open economy, and absence of foreign exchange controls as key attractions for foreign direct investment, particularly from China, Japan, and South Korea.
With Cambodia’s international trade volume reaching US$26.09 billion in the first half of the year, and the significant trade increase with China, Chairman Pung expressed optimism about future collaborations with Hong Kong. He underscored the potential for Hong Kong to become a major partner in Cambodia’s continued development, leveraging the free trade agreement between Hong Kong and ASEAN.
The Chairman praised Hong Kong’s status as a global financial and trade center and commended Mr. John KC Lee’s leadership. He expressed confidence in Hong Kong’s ongoing success under Mr. Lee’s guidance.
Mr. Lee expressed deep appreciation for the warm reception and highlighted the significant potential for future cooperation between Hong Kong and Cambodia.
Mr. Lee commended Canadia Group’s commitment to fostering economic and cultural ties between Cambodia and China and acknowledged Canadia Group’s role in promoting robust economic relations between the regions. He expressed optimism about enhanced collaboration through initiatives like the “Belt and Road” and the ASEAN-Hong Kong Free Trade Agreement.
Driving Growth and Prosperity For Both Regions
In his remarks, Mr. Lee extended gratitude to Chairman Lok Neak Oknha Dr. Pung Kheav Se for his hospitality and insightful discussions, noting that the visit laid a strong foundation for future collaborations aimed at driving growth and prosperity for both regions.
A key topic of discussion during the visit was the Techo International Airport (TIA) project, which Canadia Group’s Overseas Cambodian Investment Corporation (OCIC) is developing. This remarkable project is expected to serve as a catalyst for promoting economic cooperation and growth between Cambodia and other nations. Both parties recognized the potential of TIA to enhance connectivity, increase tourism, attract investment, and drive regional development.
