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Cambodia approves investment projects worth $2.3 billion

Staff writer |
Cambodia approved domestic and foreign investment projects involving a total investment of 2.3 billion U.S. dollars in the first six months of the year.

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This is 234 percent more compared with the same period last year, according to figures by the Ministry of Finance. During the January-June period this year, the country granted licenses to 68 projects including 36 garment factories and 32 projects in other industries, the ministry said, adding that these new investment projects would create about 95,100 jobs.

Foreign investors in the country are mostly from China, South Korea, Vietnam, Malaysia, and Japan. Their investments have been channeled to various sectors, particularly garment and shoe manufacturing, agriculture processing plants, tourism resort development, and real estate.

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