PHNOM PENH (Xinhua)- China has been leading in the investments in Cambodia's three sectors including hydro-power dams, mineral resources, garment industry, said Ith Praing, secretary of state of the Ministry of Industry, Mines and Energy.
During a meeting with the visiting Vice-Minister of the National Development and Reform Commission of China, Zhang Xiaoqiang, Ith Praing said that five Chinese firms have invested a total of $1.6 billion to construct five hydro-electric dams with the total capacity of 915 megawatts in Cambodia.
There are 23 Chinese firms exploring mineral resources such as metallic minerals, titanium, bauxites, and copper in Cambodia, he said, adding that hundreds of garment factories in Cambodia are invested by Chinese.
"These sectors, especially the investment in hydropower dams, will be much contributed to the long-term development of Cambodia' s economy," he said. "We have observed that all investments from China are good, all projects are active."
"For hydro-power dams, all the five dams being constructed are expected to complete on schedule, and for mineral resources, some have finished their exploration process and now are applying for exploitation license," he said.
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Meanwhile, Zhang said that his visit to Cambodia is to observe the Chinese firms operating in Cambodia and encourage them to strengthen and expand their investment in the country to help Cambodia's development.
"China always gives attention to assist Cambodia in its process to develop its nation, we are willing to strengthen our cooperation with Cambodia on these above mentioned sectors and also to diversify to other sectors, especially agriculture," Zhang pointed out.
The vice-minister also said that China is impressed with the development of special economic zones in Cambodia and pledged to attract Chinese investors to set up manufacturing factories in the Sihanoukville Special Economic Zone.
China is the largest investors in Cambodia with the accumulative investment of $8 billion by the end of 2010, according to a report of the Council for the Development of Cambodia.
During a meeting with the visiting Vice-Minister of the National Development and Reform Commission of China, Zhang Xiaoqiang, Ith Praing said that five Chinese firms have invested a total of $1.6 billion to construct five hydro-electric dams with the total capacity of 915 megawatts in Cambodia.
There are 23 Chinese firms exploring mineral resources such as metallic minerals, titanium, bauxites, and copper in Cambodia, he said, adding that hundreds of garment factories in Cambodia are invested by Chinese.
"These sectors, especially the investment in hydropower dams, will be much contributed to the long-term development of Cambodia' s economy," he said. "We have observed that all investments from China are good, all projects are active."
"For hydro-power dams, all the five dams being constructed are expected to complete on schedule, and for mineral resources, some have finished their exploration process and now are applying for exploitation license," he said.
Related readings:
China leads investments in various fields in Cambodia Cambodia to invite ASEAN observers to disputed area
China leads investments in various fields in Cambodia China to encourage more investors to Cambodia
China leads investments in various fields in Cambodia Cambodia arrests 281 for drug related charges
Meanwhile, Zhang said that his visit to Cambodia is to observe the Chinese firms operating in Cambodia and encourage them to strengthen and expand their investment in the country to help Cambodia's development.
"China always gives attention to assist Cambodia in its process to develop its nation, we are willing to strengthen our cooperation with Cambodia on these above mentioned sectors and also to diversify to other sectors, especially agriculture," Zhang pointed out.
The vice-minister also said that China is impressed with the development of special economic zones in Cambodia and pledged to attract Chinese investors to set up manufacturing factories in the Sihanoukville Special Economic Zone.
China is the largest investors in Cambodia with the accumulative investment of $8 billion by the end of 2010, according to a report of the Council for the Development of Cambodia.
1 comment:
Beside all these existing cooperation with China,tourist sector should expand as well with this world fastest economic giant.Khmer should learn how to construct a replica of Chinese great wall around Preah Vihear area to enhance the look and represent the historical tie between the two nations.Since the main entrance to PV was blocked by Thai,Khmer Miniwall should start from lower ground of Cambodia lead to the temple platform serve as an alternate entrance to our temple. If China help the project as consultant (and who know better than the Chinese in building walls),then when calm period with thai finally comes China could have an upper hand in further developing the tourist center and so on in the surrounding Preah Vihear Temple.
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