Cambodia to explore renewable energy projects with YIG investment delegation

Secretary-General Chea Vuthy, leading the Board of Investment of Cambodia, cordially received a delegation from YIG, led by Mr. Lu Xiaolong, Chair of the Board of Directors, in a pivotal meeting aimed at bolstering investment ties between the two nations.

YIG, a prominent investment conglomerate with diverse interests spanning transportation, railways, infrastructure, finance, and renewable energy, showcased its commitment to Cambodia through its significant stake in the Siem Reap Angkor International Airport project.

In his opening remarks, Secretary-General Vuthy warmly greeted the YIG delegation, commending their interest in exploring Cambodia’s investment landscape. He delineated the investment climate, pertinent laws, and burgeoning sectors, emphasizing the exponential growth of Chinese investment catalyzed by strategic partnerships.

Expressing gratitude, Mr. Lu Xiaolong underscored the pivotal role of Cambodian ministries and institutions, particularly the Council for the Development of Cambodia, in facilitating projects like the Siem Reap-Angkor International Airport. He highlighted the delegation’s focus on propelling economic development around the airport, earmarking investments in solar energy, tourism, and agriculture.

Secretary-General Vuthy pledged unwavering support for YIG’s ventures, recognizing their potential to drive socio-economic progress and local employment. He urged Chinese collaboration in attracting tourists to Cambodia, with a spotlight on Siem Reap, and advocated for investments in processing Cambodian agricultural goods to bolster local markets and exports, capitalizing on tourist footfall.

The meeting epitomized a concerted effort to fortify bilateral economic ties, poised to unlock new avenues for growth and prosperity in Cambodia.