Cambodia approves investment projects worth $3.4 bln in first 4 months
Cambodia approves investment projects worth $3.4 bln in first 4 months
A Council for the Development of Cambodia (cdc) report released on Tuesday said that Cambodia attracted fixed-asset investment of $3.4 billion in the first four months of 2025, up 34 percent compared to the same period of 2024.
The Southeast Asian country approved 231 investment projects during the January-April period this year, up 80 percent from merely 128 projects in the same period of 2024, creating about 159,000 jobs, the CDC said.
Significant projects included an auto garage equipment manufacturing factory, a car tire plant, a car assembly plant, an electric three-wheeler assembly plant, a medical equipment manufacturing factory, a solar power plant, a solar panel manufacturing factory, metal and aluminium processing plants, a dry port, and a tourism resort.
China remained the top foreign investor in the kingdom, the CDC said.
Cambodian Ministry of Commerce’s Secretary of State and Spokesperson Penn Sovicheat said the Regional Comprehensive Economic Partnership (RCEP) agreement and Cambodia’s bilateral free trade agreements (FTAs) with China, South Korea, and the United Arab Emirates are key factors in attracting foreign direct investment.
“The RCEP agreement and other bilateral FTAs are magnets for foreign investors to Cambodia,” he told Xinhua.
Sovicheat said new investments would bring new capital, technologies, and job opportunities to Cambodian people.
- 07:59 07/05/2025
