Melbourne (FN), Mar. 5 – Cambodian Prime Minister Hun Manet announced to welcome Australia’s investment with open arms and genuine hospitality, addressing the Australia-Cambodia Business Forum on Tuesday (Mar. 5) in Melbourne, Australia.
“I urge Australian investors seeking new horizons to visit Cambodia, experience the nation’s dynamic potential, explore its diverse opportunities, take advantage of First-Mover benefit and make strategic decisions aligned with our strong bilateral relationship. Cambodia offers avenues for growth. We welcome you with open arms, offering steadfast support, genuine hospitality, and a shared commitment to prosperity,” Samdech Thipadei underlined.
Samdech Thipadei added that Cambodia’s commitment to sustainable energy presents a lucrative opportunity for Australian investors. With abundant solar and hydropower potential and ambitious targets outlined in the Power Development Masterplan 2022-2040, Cambodia is an ideal market to deploy Australian expertise.
The country's focus on reliability, affordability, and its target of reaching carbon neutrality by 2050 creates a stable, long-term investment environment. For Australian clean energy companies, this represents more than simply a business venture. It's a chance to lead in a dynamic market, support sustainable development goals, and reinforce Australia's reputation as a global player in the transition to a clean energy future, the premier added.
Over the past three decades, Australia has always been a key investor in Cambodia. Australia’s commercial interests in Cambodia have centred many sectors, including education services, food and beverage, financial services, mining and resources, hospitality, and garment sourcing. Australia’s investment in Cambodia is not just a strategic decision; it’s an investment in the future prosperity of both nations, the premier underscored.
Prime Minister Hun Manet continued, Cambodia’s economic growth trajectory, along with our strategic location in the Indo-Pacific region, presents a wealth of opportunities for Australian businesses and investors. At the same time, Australian investments in Cambodia contribute significantly to job creation and sustainable economic growth of the country.
Going forward, Samdech Thipadei strongly believed that Australia’s investment in Cambodia will become even more essential in a diverse range of sectors such as agricultures and agro-industry, education, digital economy, infrastructure, and green energy.
=FRESH NEWS
