Cambodia attracts 237 FDI projects worth $6 bn in Aug 2023-Jul 2024

16 Aug '24

1 min read

Cambodia attracts 237 FDI projects worth $6 bn in Aug 2023-Jul 2024

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Cambodia registered 237 FDI projects worth over $6 billion in August 2023-July 2024, reflecting investors' confidence, deputy PM Sun Chanthol has said.
Investments arrived from South Korea, Japan, France, Switzerland, Australia, Spain, Germany and China.
A CDC delegation will leave soon for Europe, the US, the Middle East and China to attract more investors.

Between August last year and July this year, i.e., the first eleven months of the new government, the Council for the Development of Cambodia (CDC) registered 237 investment projects worth more than $6 billion, reflecting foreign investors’ confidence in the country’s improving investment climate, according to deputy prime minister Sun Chanthol.

Chanthol, who is the first vice president of CDC, recently said investments flowed in from South Korea, Japan, France, Switzerland, Australia, Spain, Germany and China.

Most FDI into the country has gone to manufacturing of garments as well as of other products like furniture, leather and plastic.

Next month, a CDC delegation will leave for Europe, the United States, the Middle East and China to attract more investors, domestic media outlets reported.

The trend is considered a strong vote of confidence in the country’s stability, peace and burgeoning economic growth, Chanthol said during a lecture at the Royal School of Administration.

Fibre2Fashion News Desk (DS)

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