PHNOM PENH: In August 2024 alone, the Council for the Development of Cambodia (CDC) has granted green light to 46 new investment projects and 7 production expansion projects with a total capital of more than US$1.2 billion.
The figures were shared by a CDC’s press release made public on Sept. 9, adding that the newly-approved projects are expected to generate some 33,000 job opportunities for the locals.
Of the 53 projects, 22 are located in special economic zones (SEZs) and 31 others are outside SEZs, the same source pointed out.
According to the press release, the approved projects cover various areas, including hotel industry, animal feed, SEZ creation, tyre manufacturing, beverage production, cattle farm and beyond.
China was the largest investor in Cambodia in August, contributing 84.72 percent of the total investment capital, while local investment accounted for 9.12 percent, it underlined.
The CDC said that Preah Sihanouk province was the most attractive province for investment last month, followed by Kampong Speu, Svay Rieng and Koh Kong provinces.
Phnom Penh capital and the provinces of Kandal, Takeo, Kratie, Kep, and Stung Treng also registered new investment projects in August 2024.
