Belt And Road Initiative is Beneficial to Cambodia Infrastructural Development

2021-09-03

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Summary：Cambodia has benefited from China's Belt and Road Initiative for infrastructural development, which has improved trade facilitation and competitiveness in the country.

Cambodia has reaped significant benefits from the Belt and Road Initiatives, which help to expand infrastructure, particularly in the transportation sector, including as bridges, dams, airports, seaports, and rivers. These advancements will improve Cambodia's trade facilitation and competitiveness, resulting in development, economic growth, improved people's well-being, and the eradication of poverty. Cambodia is also committed to strengthening ties with Hong Kong and other commercial partners in the region and throughout the world. Minister of Commerce Pen Sorasak made these statements while virtually attending the sixth Belt and Road Summit on Enhancing Multilateral Cooperation, which took place at the beginning of this month.

The Belt and Road Initiative, known in Chinese and formerly in English as One Belt One Road, is a global infrastructure development strategy adopted by the Chinese government in 2013 to invest in nearly 70 countries and international organizations.

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For international investors interested in investment in Cambodia, now is an excellent time to do so, since the country is thriving and on the way to economic recovery. If you're looking for a great destination for foreign investment, Compass would like to show you some of Cambodia's most promising development projects. For more information, please click on the cards below.

Editor: Malinda Chief Editor: Sunnie General in Chief/Executive Producer: Nicole

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