Cambodia to Expand Industrial and Economic Zones by 2024

• 27 February 2025
• Local News
• 151 Views

As part of its ongoing economic development strategy, Cambodia is poised to have a total of 20 industrial parks by 2024, with operational factories situated across five capital cities and provinces. This expansion represents an increase of three industrial parks, or 17.65%, compared to the previous year, according to the 2024 Work Results Report and the 2025 Work Directions published by the Ministry of Industry, Science, Technology, and Innovation.

The industrial parks will be strategically located throughout the country, with seven in Kandal province, six in the capital city of Phnom Penh, five in Kampong Speu province, as well as one each in Banteay Meanchey and Takeo provinces.

In addition to the industrial parks, Cambodia will also boast 30 special economic zones with active factories across 12 cities and provinces by 2024. This marks an increase of four special economic zones, reflecting a growth rate of 15.38% compared to 2023.

Furthermore, the number of large factories operating in the country is expected to reach 2,425 by the end of 2024. This includes the establishment of 326 new large factories while 26 have closed.

In terms of investment, Cambodia anticipates total investment capital to exceed 20,456.6 million US dollars in 2024. This figure represents an increase of 1,890.2 million US dollars, or 10.18%, from the previous year. Domestic investments are expected to comprise 3,961.7 million US dollars, making up 19.37% of the total investment capital.

This growth highlights Cambodia’s commitment to enhancing its industrial sector and boosting economic development, positioning the nation as a burgeoning hub for manufacturing and investment in the region. Stay tuned for further updates as these developments unfold.

• Economy and Finance
• industry park