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

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 10 January 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.

- Video Advertisement -

Related Post

Henan Provincial Administrative to Invest in Agro-Industrial Park in Cambodia

The Henan Provincial Administrative of China has announced plans to invest significantly in Cambodia to establish an agro-industrial park focused on agricultural product processing. This development was revealed during a recent meeting with His Excellency Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia (CDC), and a […]

Thailand is accelerating major projects to become the largest transportation hub in ASEAN

Thailand is accelerating efforts to become the leading transportation hub in Southeast Asia by developing major infrastructure projects, including cruise ship terminals, a new airport, and flyovers. Deputy Minister of Transport Manaporn Charoensri emphasized the country’s strategic geographic location, which positions it as a central transit point in the region. Key initiatives include constructing three […]

Thailand to Invest USD 11 Million in Border Fence with Cambodia

In a move to bolster border security, Thai authorities have announced plans to construct a 55-kilometer fence along the Cambodian-Thai border in Sa Kaeo province, with an estimated budget of 395 million baht (approximately USD 11 million). This significant development was reported by Radio France Internationale (RFI) on February 13, 2025. Deputy Prime Minister Phumtham […]

Takeo Province to Invest Over USD 2 Million in New Temple Project

In a move aimed at enhancing cultural heritage and boosting tourism, provincial authorities have announced plans to invest more than USD 2 million in the construction of a new temple located in the heart of Lake Takeo. The initiative was disclosed at a meeting led by Mr. Vy Samnang, Governor of Takeo Province. Governor Wei […]

BYD to Establish Vehicle Assembly Plant in Sihanoukville Economic Zone

In a significant boost to Cambodia’s automotive industry, BYD, China’s leading electric car manufacturer, has announced plans to establish a vehicle assembly plant within the Sihanoukville Special Economic Zone. The project, which involves an investment of USD 32 million, is expected to create over 200 jobs and contribute to the local economy. The assembly plant […]

Cambodia Welcomes 12 New Investment Proposals Worth USD 135 Million

In a promising development for the nation’s economy, Cambodia received 12 new investment proposals in early February, collectively valued at USD 135 million. These proposals were submitted to the Cambodia Investment Committee, part of the Council for the Development of Cambodia, and will be examined at the upcoming second “Single Gateway Meeting” in 2025. The […]