AKP Phnom Penh, May 05, 2025 -- Beijing Saite Holding Co., Ltd., a Chinese firm, has expressed interest in investing in crude oil refining and the production of by-products from refining residues in Cambodia.

The company’s interest was highlighted by Chairman Mr. Zhu Yujiang during a courtesy meeting with Samdech Moha Borvor Thipadei Hun Manet, Prime Minister of the Kingdom of Cambodia, at the Peace Palace here this afternoon.

Mr. Zhu Yujiang emphasised that the proposed investment would contribute to Cambodia’s socio-economic development and enhance productivity within the country's manufacturing sector.

He also praised Cambodia’s rapid development across various sectors, noting that he observes positive changes with each visit. Additionally, Mr. Zhu Yujiang expressed satisfaction with the increasingly strong and fast-growing cooperation between China and Cambodia.

In reply, Samdech Thipadei Hun Manet welcomed the investment interest and laid stress on the Royal Government’s policies and initiatives that support investments in supply chains—a strategic priority aimed at promoting the production of semi-finished and finished goods for both domestic use and export.

The Prime Minister encouraged Beijing Saite Holding to explore opportunities in Cambodia’s supply chains and to continue working closely with relevant ministries and institutions to conduct detailed studies to seize investment opportunities.

By C. Nika