7 new investments worth $136 million to generate 1,584 jobs in northeastern Cambodia

7 new investments worth $136 million to generate 1,584 jobs in northeastern Cambodia

The northeastern region of Cambodia has attracted seven investment projects seeking approval and incentives from the Royal Government of Cambodia (RGC), with a total investment capital of approximately $136 million and the potential to create 1,584 new jobs, despite ongoing external crises.

Chairman of the Special Programme to Promote Investment in the Northeastern Provinces (SPIN Programme) Working Group, Hean Sahib, chaired a meeting at the Ministry of Economy and Finance (MEF) on Friday to review and approve special investment incentives for the seven projects.

“These seven investment projects, with a total investment of approximately $136 million, are expected to create 1,584 new jobs once they become operational, which two projects in Mondulkiri province, four in Stung Treng province, and one in Kratie province,” he said.

According to the news statement of SPIN Programme, these projects cover diverse sectors, including agro-industrial crop cultivation, livestock farming and processing, rubber plantation and processing factories, eucalyptus plantation and paper processing, animal farming, coffee and cocoa cultivation and processing, cashew processing enterprises, pig farming, and agricultural and timber plantation projects for furniture production.

Speaking at the meeting, Sahib noted that despite multiple external crises, such as border tensions with Thailand and the oil crisis in the Middle East, the SPIN Programme continued to receive investment proposals throughout March and April.

“This clearly demonstrates the attractiveness and investment potential of the northeastern region, even though the regional and global economic environment remains unfavourable,” he said.

He also urged relevant stakeholders to continue facilitating investors to the fullest extent of their responsibilities, especially as rising global fuel prices have increased production and transportation costs.

Sahib called for broader promotion efforts to ensure more investors can benefit from the “special incentives” under the “Special Investment Promotion Programme in the Four Northeastern Provinces (2025-2028).”

It should be noted that since the official launch of this programme on April 9, 2025, under the high presidency of Hun Manet, the Investment Promotion Working Group has received a total of 58 investment proposals worth $2.407 billion. Of these, 33 projects—valued at $1.07 billion—have been granted incentives, with the potential to create 17,213 jobs.

khmertimeskh