PHNOM PENH: The Council for the Development of Cambodia (CDC) approved 51 qualified investment projects (QIPs) worth US$608 million in August, expected to generate about 270,000 local jobs.
Industry was the dominant sector, accounting for US$313 million of total investment, followed by infrastructure (US$273 million), agriculture and agro-industry (US$14 million), and tourism (US$8 million).
In terms of capital sources, local investors led with 45.48 percent of total investment, followed by China (43.57 percent), Singapore (5.06 percent), the United Kingdom (2.60 percent), the Cayman Islands (1.74 percent), the British Virgin Islands (0.85 percent), and Japan (0.70 percent).
Of the approved projects, 35 QIPs are located outside special economic zones (SEZs), including a fruit processing factory worth US$27 million in Battambang province and a rubber processing factory worth US$8.7 million in Thbong Khmum province.
The remaining 16 QIPs are located within SEZs in Svay Rieng province, focusing mainly on industry (US$17 million) for metal production and tourism (US$8 million) for the construction of a 100-room, four-star hotel. In addition, an US$11 million infrastructure project was approved in Preah Sihanouk province to establish a water and wastewater treatment plant and improve electricity supply.
