Cambodia Attracts Over $6 Billion in Investment in 11 Months
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2024-10-29
Cambodia Attracts Over $6 Billion in Investment in 11 Months
The Cambodian government has been actively promoting economic development, attracting over $6 billion in investment since taking office. According to the Council for the Development of Cambodia, 237 investment projects have been approved in the past 11 months, representing a 220% year-on-year increase in investment.In July alone, 41 new investments and 3 expansion projects were approved, totaling $396 million. Chinese investment accounts for 68%, solidifying its position as Cambodia's largest source of foreign investment.
Cambodia's economy has been steadily growing, benefiting from abundant resources, a skilled workforce, and a supportive investment environment. The government is committed to improving infrastructure, such as roads, ports, and airports, to attract more foreign investment and boost economic prosperity.