Phnom Penh, May 5, 2025 — The Chairman of the Board of Directors of Beijing Scitech Holdings Co., Ltd., Mr Zhu Yujiang, has expressed strong interest in investing in Cambodia’s energy sector, particularly in crude oil refining and value-added processing of refining by-products. His remarks were made during a courtesy call on Cambodian Prime Minister Samdech Moha Borvor Thipadei Hun Manet at the Peace Palace.
Mr Zhu thanked the Prime Minister for the opportunity to meet and lauded Cambodia’s remarkable progress across various sectors. He attributed this development to the visionary leadership of Senate President Samdech Techo Hun Sen and the current Prime Minister, Hun Manet. Reflecting on his multiple visits to Cambodia, Mr Zhu noted the country’s consistent positive transformation and deepening cooperation with China.
Highlighting Beijing Scitech Holdings’ expansion strategy, Mr Zhu outlined the company’s interest in exploring opportunities in crude oil refining and in developing value-added products derived from refining residues. He emphasised that such projects could contribute significantly to Cambodia’s socio-economic growth, support local industrialisation, and enhance productivity in the energy and manufacturing sectors.
In response, Prime Minister Hun Manet welcomed Mr Zhu and his delegation, expressing appreciation for the company’s interest in investing in Cambodia. He reaffirmed the Royal Government’s commitment to attracting high-impact investment and reiterated Cambodia’s open investment environment for foreign firms, especially those aligned with national development priorities.
The Prime Minister further highlighted the government’s strategic focus on strengthening supply chains and promoting domestic production of semi-finished and finished goods. These efforts are part of Cambodia’s broader agenda to drive economic diversification and increase its export potential.
Samdech Thipadei encouraged Beijing Scitech Holdings to pursue detailed feasibility studies and engage closely with relevant ministries and institutions. He also urged the company to explore broader supply chain investment opportunities that could align with Cambodia’s industrial development goals.
The meeting reflected the growing momentum of China–Cambodia economic relations, particularly in areas of industrial cooperation and energy sector development.
