Cambodia’s Economic Boom: A Game-Changer in 2024

• 13 January 2025
• Local News
• 217 Views

In a bold leap towards unprecedented economic growth, Cambodia has unveiled the approval of 10 new special economic zones, marking a significant milestone in 2024 with investments poised to reach a staggering USD 850 million. This strategic expansion is set to generate approximately 4,000 new jobs, heralding a transformative era for the nation’s economic landscape.

The announcement was delivered by HE Chea Vuthy, the Secretary General of the Board of Investment of Cambodia, during the grand inauguration of the ISI Special Economic Zone project on January 10, 2025.

“In just one year, Cambodia has risen to prominence as a dynamic hub for investment, greenlighting a remarkable total of 414 new projects with a combined capital influx of around USD 6.9 billion,” stated HE Chea Vuthy. This surge in investment is projected to create an astounding 320,000 job opportunities, reflecting the government’s unwavering commitment to job creation and sustainable economic stability.

The industrial sector is leading the charge, accounting for an impressive 69% of total investments in 2024. As Cambodia establishes itself as an attractive destination for foreign investors, launching these special economic zones will elevate the country’s competitive edge and drive further economic advancement.

• Projects Development
• Economy and Finance