Investors from Guangdong-Hong Kong-Macao Eye Green Economic Zones in Cambodia, Forge Bilateral Ties

• 13 April 2024
• Local News
• 974 Views

China’s Guangdong-Hong Kong-Macao Gulf Confederation is poised to bolster investment in Cambodia, particularly in green economic zones and other strategic sectors. Dr. Jonathan KS Choi, President of the Gulf Federation, underscored this commitment during a Memorandum of Understanding signing ceremony with HE Hem Vandy, Cambodia’s Minister of Industry, Science, Technology, and Innovation, on 9 April 2024.

The memorandum aims to foster robust trade relations and investment cooperation between the Gulf region and Cambodia, paving the way for mutually beneficial partnerships. Chinese investors expressed keen interest in exploring diverse investment avenues in Cambodia, with a keen focus on establishing green special economic zones, deploying electric vehicle infrastructure, implementing energy-efficient solutions, and advancing waste-to-energy initiatives. Additionally, initiatives such as leveraging 5G technology for integrated communications, satellite imagery, and space technology are on the agenda.

Notably, these investments align with Cambodia’s vision of nurturing a vibrant digital economy and society, with initiatives spanning smart airports, smart ports, and high-tech manufacturing facilities. Minister Hem Vandy reaffirmed Cambodia’s commitment to fostering a conducive environment for investment, emphasising the nation’s eagerness to develop green economic zones and leverage China’s expertise in advancing logistics infrastructure.

The Guangdong-Hong Kong-Macao Gulf Confederation, with its vast population of over 86 million and a staggering GDP exceeding US$2 trillion, stands as a technological powerhouse driving innovation and economic progress on a global scale.

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