Cambodia attracts FDI worth $4.92 bn in 2023, up 22% YoY

05 Jan '24

1 min read

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Cambodia attracted fixed-asset investment of $4.92 billion from abroad last year—up by 22 per cent over 2022's $4.03 billion.
Two-hundred and sixty-eight projects were approved last year that can create more than 3 lakh jobs.
China, Singapore and Malaysia were the top three foreign investors, with FDI from China accounting for 66 per cent of the total.

The Council for the Development of Cambodia (CDC) recently said the country attracted fixed-asset investment of $4.92 billion from abroad last year—a rise of 22 per cent from $4.03 billion a year earlier.

Two-hundred and sixty-eight investment projects were approved by CDC last year that have the potential to create more than 3 lakh jobs, it said in a release.

China, Singapore and Malaysia were the top three foreign investors, with investment from China accounting for 66 per cent of the total investment.

The country’s commerce ministry attributes the rise in foreign direct investment inflows to the Regional Comprehensive Economic Partnership, the Cambodia-China Free Trade Agreement, Cambodia’s new law on investment and the Belt and Road Initiative, a global newswire reported.

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