Cambodia is exploring renewable energy ventures with the YIG investment delegation

Secretary-General Chea Vuthy, heading the Cambodia Investment Board, warmly received the YIG delegation led by Mr. Lu Xiaolong, Chairman of the Board of Directors, at a key meeting aimed at strengthening investment ties between the two nations.

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

In his opening remarks, Secretary-General Vuthy warmly welcomed the YIG delegation, commending its interest in exploring Cambodia’s investment landscape. He outlined the investment climate, applicable regulations and emerging sectors, highlighting the exponential growth in Chinese investment catalyzed by strategic partnerships.

Expressing gratitude, Mr. Lu Xiaolong emphasized the key role of Cambodian ministries and institutions, especially the Cambodia Development Council, in facilitating projects such as Siem Reap-Angkor International Airport. He stressed that the delegation is focused on driving economic development around the airport by investing in solar energy, tourism and agriculture.

Secretary-General Vuthy pledged his unwavering support for YIG ventures, recognizing their potential to drive socio-economic progress and local employment. He called for China’s cooperation in attracting tourists to Cambodia, with particular emphasis on Siem Reap, and recommended investment in the processing of Cambodian agricultural goods to strengthen local markets and exports, capitalizing on tourism traffic.

The meeting epitomized joint efforts to strengthen bilateral economic ties that can open up new opportunities for growth and prosperity in Cambodia.

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