Cambodia Receives US$860-million in China FDI in 2020

• Samphors Sao
• 6 January 2021
• Local News
• 5358 Views

Cambodia received a total of US$860 million in foreign direct investment (FDI) from China in 2020, an increase of about 70% compared to 2019, according to a recent press release from the Chinese Embassy in Cambodia.

Many development projects went smoothly despite the COVID-19 pandemic. For instance, the construction of new Siem Reap Angkor International Airport (AIAI) has been 35% completed, while construction of the Phnom Penh-Sihanoukville Expressway Project is about 39% complete.

Meanwhile, several power plant projects also proceed as scheduled. The Huadian power plant in Sihanoukville has recently completed the installation of the steel structure, while Sinomach Heavy Equipment Group CO., Ltd have just also signed an agreement with the government to develop the Stung Tatai Leu Hydropower Dam.

The number of enterprises in the Sihanoukville Special Economic Zone has also been steadily increasing, with the volume of imports and exports also significantly increasing.

The Minister of Public Works and Transport HE Sun Chanthol said in early December that Chinese companies have thus far built over 3,000km of roads and eight major bridges in Cambodia, thanks to more than US$3 billion in concessional loans from the Chinese government. (Read more)

 

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