Chinese Company YIG Eyes SEZ Opportunity Near Siem Reap Angkor International Airport

• 20 May 2024
• Local News
• 6825 Views

In a move that could significantly bolster Siem Reap’s economic landscape, YIG, a major Chinese investment firm, has expressed interest in developing a special economic zone (SEZ) near the newly constructed Siem Reap Angkor International Airport. This interest was conveyed during a meeting on 17 May 2024 between HE Chea Vuthy, Secretary General of the Cambodian Investment Committee, and a YIG delegation headed by Mr. Lu Xiaolong.

During the discussions, Mr. Lu Xiaolong outlined the company’s vision for the SEZ, highlighting its focus on three key sectors: renewable energy, tourism, and agriculture. This multifaceted approach has the potential to create a vibrant economic hub that attracts businesses and investment across diverse industries.

The Secretary-General, HE Chea Vuthy, expressed enthusiastic support for YIG’s proposed investment projects. He acknowledged the project’s potential to contribute significantly to Cambodia’s socio-economic development.  “This initiative holds the promise of generating job opportunities for local residents and attracting a wider range of tourists to Cambodia,” he remarked.  Furthermore, he encouraged YIG to explore investment opportunities in Cambodian agricultural processing, aiming to bolster both the domestic market and export capabilities.

The prospect of YIG’s involvement in the SEZ is particularly intriguing given the company’s established presence in Cambodia. YIG, a leading investment firm with a diverse portfolio encompassing transportation, railways, financial infrastructure, and renewable energy, is already a major shareholder in the Siem Reap Angkor International Airport project. This existing involvement positions YIG well to leverage its expertise and resources for the successful development of the SEZ. (Read more)

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