Cambodia approves investment projects worth over $4 bn in 2022

10 Jan '23

1 min read

Pic: Shutterstock/ I Love Coffee dot Today

Fixed asset investment projects valued at more than $4.685 billion have been approved by the Council for the Development of Cambodia (CDC) in 2022, which is an increase of 7 per cent year-on-year (YoY). Final registration certificates were issued for new non-special economic zones (SEZ) investment projects valued at $3,449 million—up 49 per cent YoY, as per a CDC report.

Investment projects which were registered in the SEZ dropped by 39 per cent to around $1,235 million. Cambodia’s local investment projects worth $2,707 million comprised 57 per cent of the total investment in the country, the CDC said.

The Southeast Asian country’s foreign investment from China accounted for 30 per cent—valued at $1,408 million. Other countries that invested in Cambodia were Australia, British Virgin Islands, Cayman Islands, Japan, Malaysia, Singapore, South Korea, and Thailand, according to several Cambodian media reports.

A new investment law was passed in Cambodia in October 2021 that enabled the provision of certain advance incentives and protection to investors to promote investment in the nation.

Fibre2Fashion News Desk (NB)

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