Hong Kong investors have expressed real interest in investing in the Cambodian electrical equipment manufacturing sector. In 2024, the Kingdom exported nearly $1.9 billion worth of electrical machinery and equipment.

Nut-Un Voanra, deputy secretary-general of the Cambodian Investment Board, met with a delegation of 10 companies from the Hong Kong Electrical Appliance Industries Association, led by association president Ting Sik Wa Thomas, on March 26.

During the meeting, held at the Council for the Development of Cambodia (CDC) headquarters, Voanra highlighted the Kingdom’s investment potential and discussed the efforts of the Cambodian government at all levels – especially the role of the CDC – to facilitate direct foreign investment.

He added that investors would benefit greatly from investing in the Kingdom due to its favourable investment laws, large export markets and the country's roadmap for the development of the automotive and electronics industries.

The visiting Hong Kong delegates expressed strong interest in investing in Cambodia’s electrical equipment manufacturing sector.

They noted that they regarded the Kingdom as having some of the strongest investment potential in the region, particularly for Hong Kong capital.

“The meeting provided the delegation with extensive information to further understand the potential for investment and growth in Cambodia. We also request continued cooperation with the CDC to enhance Hong Kong investment in Cambodia's electrical and electronics sectors,” the CDC reported a member of the delegation saying.

According to the CDC, the association has 202 member companies. It was established in 1998 as a non-profit independent body to represent Hong Kong’s electrical appliance industry.

Hong Vanak, an economist at the Royal Academy of Cambodia, told The Post on March 26 that Cambodia has investment potential in all sectors.

He explained that with an extensive export market – and some markets even offering customs duty exemptions – as well as favourable investment laws, affordable real estate prices and a young workforce, the Kingdom has many positive factors which encourage foreign investment.

He added that a sharp decline in electrical equipment exports in 2024 could be linked to issues with solar panel exports to the US market.

The General Department of Customs and Excise of Cambodia reported that 2024 exports of electrical goods fell almost 40% in 2024.

“As a developing country with a stable political environment, Cambodia is certainly attracting interest from investors. I believe Cambodia will secure even more investment projects in the near future,” said Vannak.