Export-Import Bank of Malaysia Berhad announced that it has signed a USD19.97 million financing agreement with Global Tower Corporation Pty Ltd a 75%-owned subsidiary of Rohas Tecnic Berhad.

GTC is a licensed by the Telecommunication Regulator of Cambodia for the Construction and Operation in the Provision of Telecommunication Tower Services in the Kingdom of Cambodia.

According to the agreement, the financing will support the construction of over 400 telecommunication towers across Cambodia, enhancing the country's network coverage, particularly the underserved areas in both urban and rural areas.

In 2023, Malaysia's exports to Cambodia were valued at USD540 million, while imports stood at approximately USD133 million. The strong bilateral trade relationship underscores the importance of strategic investments, such as this project, in facilitating further business expansion and infrastructure development between the two nations.

EXIM Bank's Acting President and Chief Executive Officer, Nurbayu Kasim Chang said: "We are proud to support GTC and RTB Group in this vital telecommunications project, which not only strengthens Cambodia's infrastructure but also creates growth opportunities for Malaysian companies abroad. Our financing of USD19.97 million reflects our confidence in GTC's capabilities and our commitment to fostering long-term partnerships that align with Malaysia's export agenda."