Phnom Penh (FN), Jan. 25 – French foreign trade minister Oliver Becht led an investor delegation to meet Cambodian prime minister Hun Sen at the Peace Palace on Wednesday (Jan 25).

French investors said they are confident in investing in the Kingdom thanks to a growing middle-income class and many favorable investment climates.

In this regard, French investors eyes investment in high-speed rail, waterways, land and air transport, construction, energy, and other sectors.

For his part, Samdech welcomed and informed the French investment delegation that Cambodia allows foreign investors to own 100 percent shares for the high-speed railway from Phnom Penh to Ho Chi Minh City. The other two lines are to be expanded, encouraging private-sector investment in the form of BOT.

Regarding clean energy, Samdech said that Cambodia owns about 62 per cent of clean energy and is attracting more investment. However, the kingdom does not favor a new coal-fired power plants or hydropower dams across the Mekong River. Cambodia is pushing for more solar power.

Lastly, Samdech told the delegation about the potential sectors in the kingdom namely the promotion of industry, the promotion of investment in the high-tech industry, the promotion of investment in the processing industry as this nation has raw materials such as cashew nuts, rubber, cassava, rice and so on, which can sell in the Cambodian market and export to overseas markets.