Chinese Investment in Cambodia’s New Energy Vehicle and Agro-Industrial Sectors

Chinese Investment in Cambodia’s New Energy Vehicle and Agro-Industrial Sectors

Infinite Capital Holding Company (ICAP), a prominent technology and agro-industrial firm based in Guangzhou, has announced its plans to invest in Cambodia’s burgeoning new energy vehicle and agro-industrial sectors, specifically targeting cashew nut production.

The announcement came during a meeting between HE Chea Wutty, Secretary General of the Council for the Development of Cambodia, and Mr. Zhang Chaomin, Chairman and CEO of ICAP. During their discussions, HE Chea Wutty emphasized the importance of seizing investment opportunities in Cambodia and highlighted the government’s commitment to supporting foreign investment in these sectors.

Key to the discussions was the National Policy on the Development of the Electric Vehicle Sector for 2024-2030, which outlines a strategic roadmap to promote the use and development of the electric vehicle ecosystem in Cambodia. This initiative is expected to be a driving force for attracting further investment in the sector.

To bolster local employment and stimulate regional economic growth, Prime Minister Hun Sen has provided the Kampong Thom Provincial Authorities with guidelines for the establishment of a dedicated cashew industrial park. This new agro-industrial zone will be eligible for various fiscal and non-fiscal incentives under the Investment Law, offering attractive benefits to investors. (Read more)

In addition, a leading Chinese state-owned agricultural company is exploring the feasibility of constructing a cashew warehouse and drying facility in Kampong Thom Province, signaling a strong interest in the region’s agro-industrial potential. (Read more)

ICAP, established with support from the Guangzhou Municipal Government, focuses on sectors including new materials production, artificial intelligence, semiconductors, new energy, and carbon fiber. The company’s commitment to the Cambodian market represents a promising step towards enhancing the country’s investment climate and fostering economic growth.

As these developments unfold, Cambodia remains an attractive destination for foreign investment, particularly in innovative and sustainable sectors.

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