CDC Approves Total of 238 Investment Projects Worth Over US$8 billion in 2020

• 19 January 2021
• Local News
• 2602 Views

In 2020, the Council for the Development of Cambodia (CDC) approved a total of 238 investment projects, or equivalent to an investment value of US$8 billion, according to government spokesman HE Phay Siphan.

At a press conference on the work progress and future direction of the Commune/Sangkat on the morning of 19 January, HE Siphan said, “Of the 238 projects, 195 are new projects and 43 are production expansion projects. In total, those projects can help create at least 151,000 jobs.”

Meanwhile, during the first ten months of 2020, the government approved more than 4,000 construction projects worth over US$6.4 billion, a US$1 billion increase compared to the previous year. (Read more)

In addition, a total of 221 factories opened and only 100 factories shut down over the course of 2020. This demonstrates strong economic status and investor confidence in Cambodia despite the COVID-19 pandemic. (Read more)

• Economy and Finance
• Investment and Funding