Prime Minister Hun Sen (left) and visiting Kuwaiti premier Sheikh Nasser Mohammed al-Ahmed al-Sabah (centre) held talks in Phnom Penh where officials from both counties signed the deals. -- PHOTO: APAug 4, 2008
AFP
PHNOM PENH - IMPOVERISHED Cambodia and oil-rich Kuwait on Monday inked five agreements, including trade, aviation and investment deals, during a meeting by prime ministers of the two countries, a spokesman said.
Prime Minister Hun Sen and visiting Kuwaiti premier Sheikh Nasser Mohammed al-Ahmed al-Sabah held talks in Phnom Penh where officials from both counties signed the deals, Cambodian government spokesman Khieu Kanharith said.
The officials signed agreements on economic cooperation, trade, investment, foreign affairs cooperation and civil aviation, the spokesman said.
'Prime Minister Hun Sen welcomes any investment by Kuwait's companies in Cambodia because it has a big potential in developing economic growth,' Mr Khieu Kanharith said.
He said the two countries would discuss more ways to boost trade and investment, and that Kuwait had promised to help Cambodia develop its agricultural sector.
The two premiers also discussed cooperation in oil, with Cambodia asking Kuwait to help train local experts on the petroleum industry, which is starting to take root here after the discovery of offshore deposits.
Cambodia expects to begin producing oil from its offshore fields in 2011, following the discovery of oil in 2005 by US energy giant Chevron.
But it remains unclear how much oil can be recovered, or whether any potential revenue would be used to benefit Cambodia, ranked among the world's most corrupt countries.
Cambodia has climbed back from decades of civil unrest to emerge as one of the region's most vibrant economies, marked by an unprecedented building boom that is radically changing the face of the once-sleepy capital.
The Kuwaiti premier arrived in Cambodia on Sunday for a three-day visit.
Prime Minister Hun Sen and visiting Kuwaiti premier Sheikh Nasser Mohammed al-Ahmed al-Sabah held talks in Phnom Penh where officials from both counties signed the deals, Cambodian government spokesman Khieu Kanharith said.
The officials signed agreements on economic cooperation, trade, investment, foreign affairs cooperation and civil aviation, the spokesman said.
'Prime Minister Hun Sen welcomes any investment by Kuwait's companies in Cambodia because it has a big potential in developing economic growth,' Mr Khieu Kanharith said.
He said the two countries would discuss more ways to boost trade and investment, and that Kuwait had promised to help Cambodia develop its agricultural sector.
The two premiers also discussed cooperation in oil, with Cambodia asking Kuwait to help train local experts on the petroleum industry, which is starting to take root here after the discovery of offshore deposits.
Cambodia expects to begin producing oil from its offshore fields in 2011, following the discovery of oil in 2005 by US energy giant Chevron.
But it remains unclear how much oil can be recovered, or whether any potential revenue would be used to benefit Cambodia, ranked among the world's most corrupt countries.
Cambodia has climbed back from decades of civil unrest to emerge as one of the region's most vibrant economies, marked by an unprecedented building boom that is radically changing the face of the once-sleepy capital.
The Kuwaiti premier arrived in Cambodia on Sunday for a three-day visit.
6 comments:
gentleman
Congratulation on bilateral agreement of two countries, experty offered by Kuwait.
However it is observed that corruption will not spoil the cambodian benefits.
Once again, we wait and see whether SRP's alert is true or NOT.
Cambodians are in so much debt. Hopefully this revenue will reduce it, rather than lost in neat paper work.
Neang SA
fIND HOME FOR PEOPLE FIRST! MAKE SURE CAMBODIAN KID HAVE EDUCATION TO SHARE THE FORTUNE!
DON'T BE A SLAVE IN YOUR OWN COUNTRY! fUCK aH KWACK!
Fuck Ah stupid self-important self-contradicting Khmer abroad that only talk shit and never do a damn thing about Cambodia either. Giving money to your relatives doesn't qualify as helping the country, idiot.
To 6:23AM
What about you mother fucker and what have you done? So tell me what do you qualify for? You wish that the Khmer abroad or the Khmer oversea will give you a chance to see them in person! If you have the chance to see them in person and you would have hunting them down already!
Beware fool! There are more extended Khmer oversea network in Cambodia than you can imagine and more will be on their way to Cambodia if they had learnt their previous lesson in dealing with AH HUN SEN corrupted officials!
I had noticed that AH HUN SEN officials always try to shut out the Khmer oversea especially in the business dealing by extorting money from them because AH HUN SEN always think that all Khmer oversea are anti-Hun Sen government!
As a business person I frankly don't give a fuck about any political party or party member because money talks! I don't even give a fuck about AH HUN SEN! I am no longer fool by AH HUN SEN corrupted officials!
Old saying “Fool me once, shame on you. Fool me twice, shame on me”.
To 6:23 AM, Shut up and be quiet. You don't know crap. You don't know economics and you don't know anything about money. It's insulting just reading your comment. GO AWAY.
TO AH CPPP we may sound shit but we are not talking to you shit head we talk to Cambodian majority!
Some day people power will start because of our preaching!
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