Cambodian Ambassador: Looking Forward to Broader Economic and Investment Partnership with Kuwait
The Cambodian ambassador affirmed his country's desire to expand economic cooperation with Kuwait, highlighting investment opportunities, tax incentives, and the quality of the investment environment in his country.
Translated by Qiyas from الراي — Original source
- Makra: 32 Years of Distinctive Relations.. We Call on Kuwaiti Investors to Explore Promising Opportunities in Cambodia
The Cambodian Ambassador to Kuwait, Chea Makra, affirmed his country’s pride in the distinguished friendship ties between Cambodia and the State of Kuwait, which are built on mutual trust and respect. He expressed his country’s aspiration to expand the horizons of economic, commercial, and investment cooperation, and to strengthen the partnership between the business communities of both nations.
Speaking on the occasion of the 73rd anniversary of the independence of the Kingdom of Cambodia, which falls on November 9, Makra noted that diplomatic relations between the two countries entered their 32nd year last July. He highlighted that the relationship has witnessed important milestones that contributed to laying the foundations for cooperation in political, commercial, investment, educational, and tourism sectors.
He pointed out that the historic visits by then-Prime Minister Sheikh Nasser Al-Mohammed Al-Ahmad Al-Jaber Al-Sabah to Cambodia in 2008, and by former Cambodian Prime Minister Hun Sen to Kuwait in 2009, constituted a crucial turning point in developing bilateral relations.
The ambassador explained that both countries possess significant potential to enhance economic cooperation through increased trade exchange, strengthening ties between business communities, and exploring new investment opportunities. He emphasized the importance of public-private partnerships in achieving mutual interests.
Makra noted that Cambodia offers an attractive investment environment, including tax incentives such as income tax exemption for up to 12 years, 100 percent foreign ownership, profit repatriation, and streamlined procedures through the single-window system at the Council for the Development of Cambodia (CDC).
He added that his country boasts a young workforce, with approximately 60 percent of its population under the age of 35, alongside its strategic location in the heart of the ASEAN region and its participation in regional and international trade agreements that allow investors access to vast markets.
Furthermore, Makra stated that Cambodia pays special attention to investors through direct dialogue and government support, including the Royal Government-Private Sector Forum chaired by the Prime Minister to address challenges faced by investors.
Makra highlighted that renewable energy sources, including hydropower, solar, and wind energy, accounted for 63 percent of Cambodia’s energy mix as of July 2026. He clarified that his country aims to raise this percentage to 70 percent by 2030 and achieve carbon neutrality by 2050.
He reaffirmed the embassy’s commitment to facilitating and guiding Kuwaiti investors, working to transform proposed cooperation opportunities into business visits, strategic partnerships, agreements, and investment projects during 2027 and subsequent years.
Regarding the national occasion, the ambassador explained that November 9 represents a historic milestone in the Cambodian people’s consciousness. The Kingdom regained its independence and sovereignty from French colonial rule in 1953, thanks to the “Royal Campaign for Independence” led by King Norodom Sihanouk. His diplomatic acumen and sacrifices played a key role in achieving the country’s independence and unity.
He added that after independence, Cambodia faced decades of internal conflicts and genocide during the 1970s, before Hun Sen’s “win-win” policy succeeded in ending the civil war and achieving peace and national unity in 1998.
He noted that this experience has reinforced in his country the importance of peace and stability, pointing out that Cambodia has transitioned from a country that hosted United Nations peacekeeping forces in the 1990s to one that now contributes troops to peacekeeping missions in various parts of the world.
