Cambodia Sees Record-Breaking USD 6.9 Billion Investment in 2024

Cambodia has achieved a remarkable milestone in 2024, with the Council for the Development of Cambodia (CDC) approving 414 investment projects worth a total of USD 6.9 billion. This marks a 54% increase in the number of projects compared to 268 in 2023 and a 40% rise in investment capital from USD 4.927 billion in 2023, according to a progress review meeting reported on 20 December 2024.

PM Samdech Hun Manet, who also serves as Chairman of the CDC, chaired the first meeting to review the council’s achievements for 2024 and highlighted Cambodia’s efforts in enhancing its investment environment, fostering economic growth, and ensuring macroeconomic stability.

Deputy Prime Minister and CDC Vice-Chairman Sun Chanthol attributed the sharp increase in investments to Cambodia’s sustained peace, political stability, improved legal frameworks, and proactive governmental support. “The government has been addressing the challenges faced by the private sector to ensure a conducive environment for both domestic and international investors,” underscoring the confidence investors have shown in the country’s economic resilience.

- Video Advertisement -

Related Post

East Group Announces Plans for Special Economic Zone in Preah Sihanouk Province

Investors from East Group have unveiled their ambitious plans to establish a special economic zone in Preah Sihanouk Province, marking a significant move aimed at boosting local economic development. In a working meeting with HE Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia, East Group representatives […]

Cambodia to Construct New Kok Thlak Stadium in Kandal Province

The Football Federation of Cambodia (FFC) has announced an ambitious plan to construct a new stadium, the Kok Thlak Stadium, along with its headquarters in Kandal Province. The project, which has an estimated cost of USD 4.4 million, underscores the federation’s commitment to enhancing the country’s football infrastructure. In a press release dated March 2, […]

K-Water Eyes Investment in Cambodia’s Water Resource Management

The Korean Water Corporation (K-water) is actively pursuing investment opportunities in Cambodia’s water resource management sector. During a recent meeting with Prime Minister Hun Manet, K-water CEO His Excellency Yun Seogdae emphasized the company’s commitment to collaborating with Cambodian ministries and institutions. The meeting highlighted the need for cooperation to strengthen Cambodia’s water management systems. […]

China has invested nearly USD 300 million to build a glove factory in Svay Rieng Province

Nex Healthcare Co., Ltd., a world-class Chinese company, has invested approximately USD 273 million to officially open a factory for the production of gloves (PVC and rubber) and medical equipment in the Qilu Special Economic Zone, Svay Rieng Province, on March 2, 2025. During the groundbreaking ceremony for the factory, His Excellency Chea Vuthy, Secretary […]

KENPAX Announces Major Investment in Kampot Province with New Medical Equipment Factory

  In a significant boost for local employment, Chinese company KENPAX has revealed plans to establish a large medical equipment factory in the Kampot province, with construction set to commence in mid-March 2025. This initiative is projected to create approximately 3,000 jobs, offering a promising opportunity for residents. The announcement was made during a meeting […]

Chinese Firm ICAP Announces Major Investment Plans in Cambodia’s Electric Vehicle Sector

In a significant development for Cambodia’s automotive industry, China’s Infinite Capital Holding Company (ICAP) has unveiled ambitions to invest in the manufacture of electric vehicle components in the country. The announcement was made during a meeting on 17 February 2025 between Prime Minister Hun Manet and ICAP’s Chairman and CEO, Zhang Chaomin. During this pivotal […]