Greenlight to 373 investment projects
The country greenlit 373 investment projects between January and June, almost doubling last year's figure of 190 projects, setting the stage for the creation of around 255,000 new jobs. The booming investment highlights Cambodia's rising appeal as a dynamic destination for growth and development.
According to the Council for the Development of Cambodia (CDC), China remained the leading foreign investor, followed by investors from Singapore, Vietnam, the United Kingdom, the United States, Samoa, and South Korea.
Ministry of Commerce Secretary of State and Spokesperson Penn Sovicheat highlighted that the Regional Comprehensive Economic Partnership (RCEP) Agreement, along with Cambodia's bilateral free trade agreements (FTAs) with China, South Korea, and the United Arab Emirates, are key drivers behind the surge in foreign direct investment.
