German Uvex Academy To Target Cambodia As Its Investment Expansion Destination

date_range 13-Jun-2024
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Phnom Penh, June 13, 2024 --

German’ys uvex Academy, which provides qualified education and training on topics related to personal protective equipment and occupational safety, will consider choosing Cambodia as a destination for its investment expansion, said its Director Dr. Claus-Jurgen Lurz.

Dr. Claus-Jurgen Lurz made the remarks after giving a presentation to a Cambodian delegation composed of representatives of the Council for the Development of Cambodia (CDC), concerned ministries/institutions, Cambodian Oknha Association, and Cambodian Chamber of Commerce, in Germany on June 12.

For his part, H.E. SUN Chanthol, Deputy Prime Minister and First Vice President of CDC, who led the Cambodian delegation, informed the German side about the CDC’s key role as a coordinator for all investors in Cambodia, as well as about the Kingdom’s favourable investment environment, multipurpose and intermodal infrastructure to facilitate transport and logistics, young labour forces, and political and economic stability.

The Cambodian DPM also raised about the new investment law which allows foreign investors to become full shareholders, except land ownership, and Royal Government’s full support to the private sector.