Malaysian PM encourages more investors to Cambodia

17:06, May 10, 2010      

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Malaysian Prime Minister has pledged to encourage more investors to Cambodia to help develop this country, a government official said Monday.

Eang Sophalett, spokesman of Prime Minister Hun Sen said that during the bilateral talk that lasted more than one hour, between the visiting Malaysian Prime Minister Najib Razak and Hun Sen, Najib had pledged to encourage more investors to this country and to broaden the number of goods traded between the two countries.

In particular, Eang Sophalett said, during his first visit to Cambodia since he came to office last year, Najib has brought along with many investors and they were to sign some business agreements with Cambodian counterparts.

Eang Sophalett, said he was informed of some business documents to be signed between the two private sectors, but not fully aware of the details.

Malaysia is ranked fourth among foreign investors to Cambodian in 2009 with a total investment of 1.8 billion U.S dollars.

In the meeting, Hun Sen had asked Malaysia to invest in agricultural sector so as to boost rice exports from Cambodia, and he had thanked Malaysia for assistance that included the railway link inside the country, and Najib had expressed his moods over the positive change in the country, according to Eang Sophalett.

During his three-day visit that began Sunday, Najib has met with his Cambodian counterpart Hun Sen, and will follow by more meetings with Malaysian community and business people in Cambodia and to pay courtesy calls on other leaders as well as to be granted an audience by King Norodom Sihamoni.

Several documents are expected to be signed later today between the private sectors of both countries that will cover on education, ICT security, halal industry, agriculture, training and retail sectors.

Najib is planned to leave Cambodia on Tuesday.



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