Malaysia is third largest investor in Cambodia

Malaysia has become the third largest investor in Cambodia with its investments in the country amounting to US$3.4 billion from 1980.

Malaysian Ambassador to Cambodia, Datuk Pengiran Mohd Hussein Datuk Pengiran Mohd Tahir Nasruddin said Malaysia’a third placing comes after China and Korea.

The investment opportunities for Malaysia are still plenty especially in the agriculture sector considering the availability of large areas of land which are yet to be developed in the country, he said.

“Malaysian companies with potential can invest in the country’s main agriculture sector involving rubber, oil palm and corn,” he told Bernama at his office here after briefing a delegation of 20 students and staff from Universiti Malaysia Kelantan (UMK) currently on an academic visit to the country.

The delegation, led by the university’s Dean of Creative Technology and Heritage Faculty, Prof Madya Ab Aziz Shuaib, is here to carry out research on the Angkor Wat history.

Pengiran Mohd Hussein said the Cambodian government was also encouraging Malaysian entrepreneurs to invest in their country.

Malaysian companies already with investments in Cambodia include commercial banks like Public Bank, Maybank and CIMB Bank that have set up their branches here.

“Indeed 30 per cent of the country’s infrastructure projects get their supply from Malaysian company, Naga World, and in agriculture, Sime Darby has also invested in Cambodia,” he said.

Two fast food chains from Malaysia are also operating in the country, namely KFC and Pizza Hut which have opened restaurants here providing the Muslim community halal food.

The Cambodian government is also working with the Department of Islamic Development Malaysia (Jakim) to get halal certification as the country has acknowledged that the halal certification issued by Malaysia will help the country become a hub for the halal products of Malaysia.

Pengiran Mohd Hussein also called on Bumiputera entrepreneurs, especially those who have joined forces with the Malay Chamber of Commerce Malaysia (DPMM) to explore the opportunities that they could take up here.

Source: The Sabah Times

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