PHNOM PENH: In 2024, Cambodia witnessed a surge in investment activity, with the Council for the Development of Cambodia (CDC) approving 414 projects, a 54% increase compared to the previous year.
These projects, valued at US$6.9 billion, represent a 40% jump in investment capital and are projected to create approximately 330,000 jobs. While the industrial sector dominates with 69% of approved investments, a significant portion of external funding is directed towards bolstering the nation’s infrastructure.
Cambodia received approximately US$2.1 billion in development cooperation funding in 2024, comprising 40% grants and 60% concessional loans.
Crucially, infrastructure development emerged as a primary beneficiary, receiving approximately 22% of this external financing. This substantial investment underscores the government’s commitment to strengthening the country’s infrastructure, a critical factor for driving economic growth and development.
H.E. Sun Chanthol, Deputy Prime Minister and CDC First Vice President, attributed the sharp rise in investment projects to several factors, a peaceful and stable political environment, coupled with a robust economy, has fostered investor confidence and the government’s proactive efforts to enhance the investment climate have attracted both domestic and foreign investors.
“The Royal Government has been proactive in addressing the difficulties and challenges of the private sector to enhance the investment environment for both domestic and foreign investors,” said H.E. Sun Chanthol.
This substantial influx of investment, particularly in the infrastructure sector, signals a promising future for Cambodia’s economic development.