In one month, Cambodia approved 28 new projects worth USD443 million

In one month, Cambodia approved 28 new projects worth USD443 million

In September 2024, the Council for the Development of Cambodia approved a total of 28 investment projects, including 26 new projects and 2 production expansion projects, with a total investment of approximately $443 million. These projects are expected to create approximately 25,000 jobs.

The press release from the Council for the Development of Cambodia, released on October 7, 2024, provided this information.

The 28 investment projects span across various industries, with Sihanoukville receiving the most projects at 8, followed by Svay Rieng with 7, Koh Kong with 4, and Phnom Penh with 3. Additionally, there are 2 projects in Takeo, 2 projects in Pursat, 1project in Kampong Speu, and 1project in Kandal.

In September, investment from China accounted for 38.23% of the total investment, while domestic investment accounted for 32.92% of the total capital.

Out of the total investment projects, 6 are located outside the special economic zone, while 22 are located within the special economic zone.

The most prominent investment projects for September include:

Outside the SEZ:

  1. An expansion project of a garment factory in Phnom Penh with an additional investment of USD12.5 million, creating 2,505 additional jobs.

In the special economic zone:

  1. The Pursat Special Economic Zone project, with an investment of approximately USD70 million, created 708 jobs.
  2. The Fungfu International Special Economic Zone project in Svay Rieng province, with an investment of USD 55 million, creating 251 jobs.
  3. An investment project in Pursat Special Economic Zone with an investment capital of over USD38 million, creating 8,918 jobs.
  4. A factory to process dairy products, non-alcoholic beverages, and food in the Sovannaphum Special Economic Zone with an investment of more than uSD37 million, creating 58 jobs.
  5. A factory to produce power lines and cables in the Sihanoukville Special Economic Zone requires an investment of USD25 million, creating 1,188 jobs.
  6. An aluminium processing plant in the Manhattan Special Economic Zone with an investment of more than USD20 million, creating 684 jobs.
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