Malaysian businessmen accompanying Prime Minister Najib Razak on an official visit have signed six agreements worth about $1 billion with their Cambodian counterparts.
Nguon Meng Tech, director general of the Cambodian Chamber of Commerce, said the pacts signed Monday covered coffee cultivation, information technology security, production of halal food, education — including the creation of two universities, setting up a poultry farm and opening of a commercial consular office.
Najib arrived Cambodia on Sunday for his first visit since coming to office last year. Malaysia ranked fourth among foreign investors in Cambodia in 2009. Najib said Malaysia has been the biggest cumulative investor with $2.19 billion over the past 14 years.