Phnom Penh
Wednesday, 19 May 2010
Cambodia and Malaysia’s recent multimillion dollar agreement on a range of ventures has likely opened the door for even more interest from a country that used to be the top investor here, officials and analysts say.
Earlier this month, the two countries agreed to half a dozen deals, including a $700 million agreement on security technology with Malaysia’s Nexbis. In addition, both sides agreed on the opening of about 20 bistros, halal food production, two universities, and a chicken farm.
Government officials say they expect to see signs of at least some of the investment by the end of 2010, and they hope this is just the beginning.
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