The Council for the Development of Cambodia (CDC) has greenlighted 28 new investment projects worth US$443million in September 2024.
These projects are expected to generate approximately 25,000 jobs for the local workforce, stated a CDC’s report issued on Monday.
‘China remains the top investor in Cambodia, accounting for 38.23 percent of the total investment capital, followed by the local investors at 32.92 percent,’ the report stated.
Other FDIs are from Japan, Malaysia, Singapore, the U.S., Vietnam and Samoa Islands.
The new projects are mostly found in manufacturing sector including garment, furniture, packaging, household goods, shoes, sports accessories, as well as special economic zone and others.
H.E. Sun Chanthol, Deputy Prime Minister and CDC’s First Vice President, has recently attributed the sharp rise to peace, political and macroeconomic stability, better legal frameworks and regulations, and the growth of the Cambodian economy.
‘This reflects the investors’ confidence in the Royal Govern
ment of Cambodia,’ the DPM said.
Source: Agence Kampuchea Presse