Investors and firms from Belgium have their eyes set on the kingdom due to its advantageous geographical location and investor-friendly policies, said representatives of the public and private sectors from the European nation.
The sentiment was expressed during a meeting on Friday between Philippe Kridelka, the Belgian Ambassador, Philip Coates, executive director of the Belgium-Luxembourg-Thailand Chamber of Commerce, and Cambodian Commerce Minister Pan Sorasak.
Mr Coates said the Kingdom’s ideal location at the heart of Asean, its impressive economic achievements in recent years, and its investment climate make it highly attractive to Belgian investors.
“Cambodia is a stable country and has the most favourable policies and conditions in the region so now many Belgian investors are looking for opportunities to come and invest here,” said Mr Coates.
Mr Sorasak welcomed investments from the European nation and shared the government’s vision to transform Cambodia into a middle-income country by 2030 and a high-income economy by 2050.
“Our two countries have built up diplomatic ties since 1992. Today, the two countries have become economic and trade partners and have been supporting each other on the international arena,” he said.
In 2017, trade between Cambodia and Belgium was worth $411 million.