Phnom Penh, May 9, 2024 – The Cambodia Confederation of Investors Association (CCIA), a pivotal alliance comprising major business chambers such as the Cambodia Footwear Association, Malaysian Business Chamber in Cambodia, and others, celebrated a monumental gathering Thursday evening. The event, which took place at the Koh Pich Convention and Exhibition Center, attracted over 4,000 attendees, including deputy prime ministers, ministers, provincial governors, government officials, and ambassadors from the Asia Pacific region, alongside corporate leaders and entrepreneurs from more than 15 countries.
This grand event, presided over by His Excellency Hun Manet, Prime Minister of Cambodia, marked the inauguration of the CCIA and a solidarity dinner that underscored Cambodia’s commitment to enhancing its investment landscape.
During his keynote address, Prime Minister Hun Manet articulated a robust blueprint for increasing Cambodia’s appeal to new investors. “To attract more investment, we must ensure our existing investors can grow and thrive, attracting further newcomers,” stated the Prime Minister. He highlighted several governmental reforms aimed at simplifying procedures, reducing bureaucracy, and leveraging technology to facilitate business operations and private sector engagement.
A significant announcement was the establishment of a resolution team dedicated to addressing private sector challenges promptly and effectively. “These mechanisms are crucial steps towards making Cambodia an even more attractive investment destination,” added Dr. Hun Manet.
Neak Oknha Ly Kun Thai, President of CCIA, emphasized the association’s mission to consolidate the strength of the private sector. “CCIA serves as a dynamic platform to promote foreign direct investments in Cambodia, leveraging the country’s strategic position within the RCEP bloc, its enduring political stability, and consistent economic growth over the past three decades,” he said.
Oknha Tan Khee Meng, Vice President of CCIA and organizing chairman, also spoke highly of the inclusiveness and openness of the Cambodian government’s policies towards foreign direct investments. “The success and integration of CCIA’s members from across the Asia Pacific region demonstrate the government’s effective and inclusive policies that allow foreign and local enterprises to thrive on equal footing,” he noted.
The Cambodia Confederation of Investors Association (CCIA) represents a formidable coalition of major business chambers and associations in Cambodia, with a combined investment value of over USD 14 billion. CCIA plays a vital role in promoting investment and supporting over 600,000 jobs, impacting approximately 2.5 million family members across Cambodia.
Oknha Tan Khee Meng, President of the Malaysian Business Chamber in Cambodia was the organising Chairman of the grand event.
