PHNOM PENH: Cambodia has approved 104 fixed-assets investment projects worth US$1,069 million in the first two months of 2025, a report from the Council for the Development of Cambodia (CDC) showed.
The approved investment projects would generate some 71,000 jobs for the locals, underlined the report released on Tuesday.
Outstanding projects included an electronics manufacturing factory, an electronic bike and motorbike assembly plant, a steel factory, a garment and textile factory, a fruit processing plant and a luxury hotel, among others, the source pointed out.
According to the CDC’s report, China topped the list of foreign investors in the Kingdom, followed by local investors, Vietnam and Singapore.
“The increasing investment flows to Cambodia reflect the investors’ confidence in the country’s strong political stability,” stressed H.E. Sun Chanthol, Deputy Prime Minister and CDC’s First Vice President.
He added that to attract investment in the context of likely-to-happen trade war pressures, the CDC and relevant authorities are reviewing the existing regulations and procedures to identify issues for reform with the goal of eliminating complexity in doing business and creating a more transparent investment environment.
Last year, Cambodia attracted 414 fixed-asset investments with a total investment capital of US$6.9 billion, up 40 percent from US$4.92 in the year before. AKP