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Cambodia attracts 346 investment projects worth over $5 bn in Jan-Oct

16 Nov '24
1 min read
Cambodia attracts 346 investment projects worth over $5 bn in Jan-Oct
Pic: Adobe Stock

Insights

  • The Council for the Development of Cambodia (CDC) recorded 346 investment projects worth over $5 billion in the first 10 months this year—a rise of 38 per cent YoY, a top CDC official said.
  • The country's economy grew by about 5 per cent during the period, he said.
  • CDC registered a total of 227 projects with an investment of over $4 billion and created 260,470 jobs in the first 10 months of 2023.
The Council for the Development of Cambodia (CDC) recorded 346 investment projects worth over $5 billion in the first 10 months this year—a rise of 38 per cent year on year (YoY), according to Chea Vuthy, secretary general of the CDC’s Cambodian Investment Board (CIB).

The investments created 270,000 jobs.

The country’s economy grew by about 5 per cent during the period, he told a recent event.

At another event, COB deputy secretary general Sar Senera said CDC registered a total of 227 projects with a total investment of over $4 billion and created 260,470 jobs in the first 10 months of 2023, domestic media outlets reported.

Fibre2Fashion News Desk (DS)

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