Cambodia attracted 414 investment projects worth US$6.9 billion in 2024, marking a significant 40 percent increase from US$4.92 billion in 2023. These investments have generated over 320,000 employment opportunities, according to a report by the Council for the Development of Cambodia (CDC).
The new investment projects mainly focused on the garment, travel goods and footwear sectors, hotel development, hydropower station, river port, solar power plants, lighting and accessory factories, agriculture, amusement park, car tyre plants, and special economic zones, among others.
Ten of the approved investment projects with a total investment of US$850 million are located in special economic zones, the report pointed out.
H.E. Chea Vuthy, Secretary General of the CDC's Cambodian Investment Board, highlighted the potential for investment in Cambodia, both domestically and internationally, emphasising that the growth of investment projects demonstrates the confidence of investors in Cambodia's peace, political stability and economic growth. He made these comments at the official opening ceremony of the ISI Special Economic Zone on 10 January.
H.E. Chea Vuthy firmly believes that more investment will flow into Cambodia, thanks to the relocation of production facilities of major investment firms to the ASEAN region, including Cambodia, as the Royal Government of Cambodia has taken a range of measures and policies to promote a better investment environment. Mr. Lim Heng, Vice President of the Cambodia Chamber of Commerce, attributes the investment growth to trade agreements, the huge market under the mega Regional Comprehensive Economic Partnership (RCEP) agreement and several trade preference schemes.
He emphasised that Cambodia's position as a favoured investment destination in the region will be sustained due to the existence of bilateral and multilateral trade agreements, as well as trade preference schemes.
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