Over 40 investment projects with $940 Million in capital approved by the CDC in November
Over 40 investment projects with $940 Million in capital approved by the CDC in November
In November, the Council for the Development of Cambodia (CDC) endorsed 40 new investment projects and 3 production expansion projects with a total investment capital of $940 million, generating some 39,000 job opportunities for the locals.
The CDC pointed out in a press release this afternoon that 11 of the approved investment projects are located in special economic zones (SEZs) and the other 32 are outside the SEZs.
According to the same source, Vietnam was the largest foreign investor in Cambodia in November, contributing 51.08 percent of the total investment capital. China (24.26 percent) and local investors (14.49 percent) followed.
According to the CDC, the major investment projects last month included a production expansion project of local telecom service investment project across the country; a 300-room five-star hotel project in Svay Rieng province; an energy drink factory project in Phnom Penh capital; Christmas tree lights, air mattresses and furniture factory project in Kampong Speu province; a SEZ investment project in Preah Sihanouk province; and aluminium processing and solar panel accessories project in Sihanoukville SEZ.
