Cambodia Approves 44 New Investments Worth US$396m in July

• 7 August 2024
• Local News
• 1249 Views

In July 2024, the Council for the Development of Cambodia approved 44 new investment projects, including 41 new ventures and three production expansion projects, totalling US$396 million and creating 25,000 jobs. This significant investment approval highlights Cambodia’s growing attractiveness to investors.

Among the 44 projects, 31 are located outside the Special Economic Zones (SEZs) and 13 within. Kampong Speu province attracted the most new investments with 13, followed by Takeo with seven and Svay Rieng with six.

Kampong Speu has attracted the most new investment projects, with 13, followed by Takeo with 7 projects and Svay Rieng with 6 projects. This data comes from the Council for the Development of Cambodia’s press release on 6 August 2024.

Chinese investment dominated in July, accounting for 68.06% of the total investment, while domestic investment made up 14.24%.

Three notable investment projects in July include:

Outside the SEZ:

The production expansion project for a laundry, dyeing, and printing factory located in Kraing Tea village, Preah Nipvan commune, Kong Pisey district, Kampong Speu province. This project has an investment capital of approximately US$21 million and can create 74 jobs.

In special economic zones:

The establishment of the Koh Kong Che Cheang Special Economic Zone, located in O’Chrov village, Phlong village, Boeung Preav commune, and Chheu Neang village, Chroy Svay commune, Sre Ambel district, Koh Kong province. This project involves an investment of US$100 million and can create 331 additional jobs.

An investment project to establish a food processing plant (Galatin) located in the Koh Kong Che Cheang Special Economic Zone, with an investment of US$26 million, which can create 194 jobs.

• Projects Development