Economy: Cambodia approves US$396 Million investment projects in July

In July 2024, the Council for Development of Cambodia (CDC) approved 44 new investment projects with a combined capital of US$396 million.

The projects are expected to generate approximately 25,000 jobs for the local workforce, according to a report issued by the CDC on Wednesday

China continues to be the primary source of investment in Cambodia, representing 68% of the total investment capital. This is due to the robust economic ties between the two countries, as well as the bilateral free trade agreement and the RCEP agreement.

Local investors accounted for 14.25% of the total investment. Other foreign direct investments originate from Singapore, Vietnam, and the Philippines.

The CDC's approval demonstrates that investors remain interested in the country's favourable business climate and growth potential.

The Royal Government has been proactively implementing policies to attract investors and enhance the investment environment. The CDC's approval of these investment projects is viewed as a positive indicator of Cambodia's economic outlook and its capacity to attract foreign capital. Cambodia attracted fixed-asset investment of US$3.25 billion in the first half of 2024, a significant increase of 195 % from US$1.1 billion in the same period last year, as indicated in the CDC's report.