AKP Phnom Penh, January 11, 2025 --

Cambodia attracted 414 investment projects worth US$6.9 billion in 2024, up 40 percent from US$4.92 billion in 2023, generating over 320,000 jobs, a report from the Council for the Development of Cambodia (CDC) showed.

The new investment projects mainly focused on 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, said the growth of investment projects showed the potential investment environment in Cambodia to both national and foreign investors.

“The increase of FDIs in Cambodia reflects the confidence of investors in Cambodia’s peace, political stability and economic growth,” he said at the official opening ceremony of ISI Special Economic Zone on Jan. 10.

He firmly believed that more influx of investment to Cambodia will keep increasing thanks to the context of relocation of production of main investment firms to the ASEAN region, including Cambodia, as the Royal Government of Cambodia has taken a range of measures and policies to promote better investment environment.

Mr. Lim Heng, Vice President of the Cambodia Chamber of Commerce, attributed the investment growth to trade agreements, huge market under the mega Regional Comprehensive Economic Partnership (RCEP) agreement and several trade preference schemes.

“With bilateral and multilateral trade pacts, and trade preference schemes, Cambodia will continue to be a preferred destination for investments in the region,” he underlined.

By Chea Vannak