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Cambodia & Economy: 12 investment projects with $135 million investment reviewed by the CDC

Writer's picture: Eco NewsEco News

Cambodia is currently reviewing 12 investment projects with a total capital of $135 million, with the potential to create 7,000 jobs.

The Council for the Development of Cambodian (CDC)
The Council for the Development of Cambodian (CDC)

The Council for the Development of Cambodian (CDC) held yesterday a meeting to evaluate the projects and discuss their eligibility for official registration. 11 of the 12 projects are in the industrial sector, including factories for manufacturing medical devices, household electrical appliances, metal processing, producing steel construction materials, manufacturing various tools, garment stitching, and textile dyeing. One project involves the development of a 30-megawatt solar-powered electricity plant.

Lim Heng, vice-president of the Cambodian Chamber of Commerce (CCC), believes that Cambodia still has the capacity to attract both small and large investment projects despite a slowdown in global economic growth since the Covid-19 pandemic of 2020. He attributed this to the government's efforts to reform the legal system, develop a skilled labor force, and strengthen export markets through free trade agreements.

In the near future, Cambodia will complete major infrastructure projects such as international airports and the Funan Techo canal, which will be key drivers in attracting investment. The private sector, represented by the CCC, has participated in numerous national and international events to promote Cambodia's potential for foreign direct investment.

In 2024, the CDC approved a total of 414 investment projects with a total investment of $6.9 billion, which could create nearly 320,000 jobs. Major projects approved in 2024 include the expansion of production by gold mines, a car tyre factory, a beverage manufacturing plant, an aluminium processing plant, a machine assembly and mechanics plant, and a dairy, beverage, and food processing factory.

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