Kingdom attracts nearly 500 investment projects

Kingdom attracts nearly 500 investment projects

According to senior officials, the increase in investment projects is likely to generate more than 300,000 jobs.

Cambodia received 491 investment projects in the January-August period this year, a year-on-year increase of 414 projects in the same period last year, a report from the Council for the Development of Cambodia (CDC) showed yesterday.

The investment projects registered a total asset of $7.2 billion, a year-on-year increase of 50 percent, stated the report.

Manufacturing sector received an investment capital of $5,000 million and infrastructure $1,800 million, while the agro-industrial sector received $370 million and the tourism sector $175 million, stated the report.

Investment sources from China shared 52.82 percent of the total investment, followed by local investors at 31.26 percent. Other investors are from Singapore, Vietnam, British Virgin, UK, Cayman, Bermuda, the US and Samoa.

According to the report, Kampong Speu and Svay Rieng provinces received large numbers of investment projects, with 117 and 113, respectively.

Over 191 of the total investment projects are located inside the special economic zones.

Lim Heng, Vice-President of the Cambodia Chamber of Commerce, shared his attribution over the increasing foreign direct investment in Cambodia to the potential environment and exporting market potential.

Speaking with Khmer Times, Heng said, “The increase showed the investors’ bold confidence in Cambodia’s stability and economic development with potential markets for exporting products under the trade preferences and free trade agreements.”

He also lauded the government’s efforts in investing in a comprehensive and interconnected physical infrastructure network, which includes expressways, deep-water ports, international airports, and logistics centres to improve the business climate for investors.

The Royal Government has been working to dismantle and reduce trade barriers, streamline customs procedures, streamline business registration procedures, and create a legal environment with clarity and transparency.

Regarding the growth of investment projects in Cambodia, Sun Chanthol, Deputy Prime Minister and First Vice Chairman of the Council for the Development of Cambodia, has recently said that the increase is due to investors’ trust in the Cambodian government, peace, political stability, and macroeconomic factors etc.

He said Cambodia would expectedly receive more than 500 investment projects in 2025, which will be able to increase more than 300,000 jobs.

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