More projects OKed, despite investment drop

15 Nov 2018 2113 | Business & Trade Fairs

The Council for the Development of Cambodia (CDC) has approved 170 investment projects during the first nine months of the year, 25 more projects than during the same period last year.

However, total investment decreased by $1,362 million, reaching just $4,719 million from January to September, a CDC report said.

56 of total approved projects, worth a combined $605 million, will be located inside special economic zones across the country.

Most of the projects given the green light target the manufacturing industry (147), followed by agriculture (12), infrastructure (8), and tourism (5).

China continues to be the biggest investor in the Kingdom, accounting for 67.8 percent of the total amount invested. It is followed by local investors, who represent 26.5 percent.

Chinese firms in Cambodia mainly invest in garment and footwear factories, hydropower dams, and infrastructure, according to CDC.