Cambodia attracts fixed-asset investment worth over $187 mn in Jan

05 Feb '24

1 min read

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Cambodia attracted fixed-asset investment of over $187 million in January. Thirty two projects approved last month can generate nearly 29,000 jobs.
Over 78 per cent of the investment capital in the month was from China, 9.65 per cent from Singapore, 5.34 per cent from the United States, 3.55 per cent from South Korea and 2.73 per cent from domestic sources.

The Council for the Development of Cambodia (CDC) recently said the country attracted fixed-asset investment of over $187 million in January this year.

Thirty two investment projects approved last month have the potential to generate nearly 29,000 jobs, CDC said.

Outstanding projects included a garment and textile factory.

Over 78 per cent of the investment capital in the month was from China, 9.65 per cent from Singapore, 5.34 per cent from the United States, 3.55 per cent from South Korea and 2.73 per cent from domestic sources, CDC was cited as saying by a global newswire.

Commerce ministry’s secretary of state and spokesperson Penn Sovicheat attributed the foreign direct investment inflows to the Regional Comprehensive Economic Partnership agreement, the Cambodia-China Free Trade Agreement and Cambodia’s new law on investment.

Fibre2Fashion News Desk (DS)

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