In a strategic move, Wuxi Capital Group Co., Ltd. of China sets its sights on investing in Cambodia, particularly targeting the promising la...
In a strategic move, Wuxi Capital Group Co., Ltd. of China sets its sights on investing in Cambodia, particularly targeting the promising landscape of the Preah Sihanouk province's Special Economic Zone (SEZ). Mr. Zhang Weimin, Vice President of the Board of Directors, revealed this ambitious plan during a high-level meeting with Mr. Long Dimanche, Deputy Governor of Preah Sihanouk province, held in Sihanoukville on Feb. 22.
Mr. Zhang Weimin articulated Wuxi Capital Group's keen interest in collaborating with Chinese firms to spearhead investments within Cambodia's SEZ. The alliance between Wuxi City, Jiangsu Province, and Sihanoukville, Preah Sihanouk, lays the groundwork for this venture, promising mutual benefits and economic growth for all stakeholders involved.
Deputy Governor Mr. Long Dimanche warmly welcomed the investment proposition put forth by Wuxi Capital Group. He expressed sincere appreciation for China's consistent support and contribution to Cambodia's economic development across various sectors, reflecting the longstanding diplomatic ties between the two nations.
During the meeting, Mr. Long Dimanche provided a comprehensive overview of Preah Sihanouk province's vast investment potential, highlighting its favorable economic and geographical position. He detailed the visionary plans for the development of a deep-sea port, railway infrastructure, and the transformation of the province into a dynamic multi-purpose Special Economic Zone.
With a strategic focus on diversifying its economic portfolio, Preah Sihanouk Province aims to evolve into a global hub for trade, logistics, finance, tourism, and technology within the Cambodian landscape. The ambitious vision positions the province as a key player in the regional and international arena, fostering sustainable growth and prosperity.
Prime Minister Samdech Moha Borvor Thipadei Hun Manet is set to inaugurate a special program in 2024 dedicated to promoting investment opportunities within the province. This initiative underscores the government's commitment to facilitating foreign investment and fostering economic resilience, propelling Cambodia towards greater heights of prosperity and development.
The collaboration between Wuxi Capital Group Co., Ltd. and Cambodia marks a significant milestone in bilateral relations, fostering economic synergy and mutual prosperity. As both parties embark on this journey of partnership and growth, the world watches with anticipation as Cambodia's Preah Sihanouk province emerges as a beacon of opportunity and progress in the Southeast Asian region.
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