Cambodia attracts FDI worth $4.92 bn in 2023, up 22% YoY
05 Jan 24 1 min read
Insights
- 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.
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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