Tuesday, 24 February 2009

Israeli business delegation to visit Cambodia

People's Daily Online
February 23, 2009

An Israeli delegation is set to visit Cambodia on March 16, hoping to forge agreements in agriculture and telecommunications, national media reported Monday.

The move is part of an Israeli effort announced last year to expand economic and political ties with Cambodia, the Phnom Penh Post said.

Nguon Meng Tech, director general of the Cambodia Chamber of Commerce, told the Post that 30 Israeli delegates from the government and private sector would meet up to 40 Cambodian business leaders.

"We should know that Israel is a land of sand, but it has become an agricultural leader because of their expertise," Nguon Meng Tech was quoted as saying.

"I think they are also looking for farmland to grow rice and vegetables," he said, adding that there has been talk of leasing agricultural land to the Israelis and building a hotel, but no details have been disclosed yet.

Meanwhile, Tzahi Selzer, the Israeli economic and trade attaché in Bangkok, said that 15 telecoms companies, as well as agriculture businesses, would be part of the delegation, according to the Post.

Also present would be Israel's minister of telecommunications and minister of agriculture, along with possibly one other high-ranking official.

Israel was ranked the fourth-largest foreign investor in Cambodia last year in terms of value of projects approved, with 2.75 percent of total investment, or 300 million U.S. dollars, according to Cambodian Investment Board figures.

Source:Xinhua

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