EU-ABC President Meet Cambodia PM to Explore Investment Opportunities in Cambodia

On the afternoon of October 24, 2023, the Prime Minister of the Kingdom of Cambodia, Dr. Hun Manet, received Mr. JENS Ruebbert, President of the European-ASEAN Business Council (EU-ABC), and his delegation, as well as H.E. IGOR Driesmans, the Ambassador of the European Union to Cambodia, who paid a courtesy call and discussed work at the Peace Palace.

25 of the 75 delegates represent major companies in the beverage and food industries, auditing, energy, pharmaceuticals, transportation, and tobacco.

The Cambodian Premier expressed warm welcome to Mr. Jens Ruebbert who led a delegation of representatives of major EU companies interested in exploring investment opportunities as well as expanding existing investments in Cambodia. He also reaffirmed the RGC’s stance to open to all investments by companies from around the world, including the European Union through various incentive policies to create attractiveness.

Samdach Thipadei stressed that the RGC has always taken care of and promoted the participation of the private sector as a good partner of the Royal Government by establishing regular communication mechanisms in order for the Royal Government to provide all possible support to make the private sector successful, because the success of private companies provides employment opportunities for Cambodian people, and this can also be said to be the success of Cambodia as a whole.

For his part, Mr. Jens Ruebbert congratulated Samdech Thipadei Hun Manet on his assumption of office as the Prime Minister of Cambodia and spoke highly of the smooth process of forming the 7th-mandate Royal Government, stressing that under the leadership of Samdech Thipadei, Cambodia will continue to prosper in all areas.

On the occasion eight major companies, including Heineken, KPMG, Shell, Zuelling Pharma, Danone, DHL, JTI, and Airbus, raise concerns and questions related to the RGC’s priority programme for the private sector, while the premier responded and provided many good practical recommendations in line with the direction stated in the Pentagonal Strategy of the Royal Government of the 7th legislature of the National Assembly.