Cambodia Approves Over US$3bn in 190 New Projects in Six Months, Kampong Speu Leads in Investment

• 18 July 2024
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In the first half of 2024, the Council for the Development of Cambodia (CDC) approved 190 new investment projects, production expansion projects, and special economic zone investments, totalling US$3.2 billion and creating 168,572 jobs. This marks an increase of 77 projects and more than US$2 billion in investment capital compared to the same period in 2023, as reported by the CDC on 5 July 2024.

Kampong Speu province led with 43 projects, followed by Svay Rieng province with 40 projects. Among the 190 approved investments, tourism attracted 56.59%, infrastructure and other industries 23.11%, and industry 18.07%, while agriculture and agro-industry absorbed only 2.21%.(Detailed report)

Notable projects outside the SEZ include:

1. Five-Star Hotels & Business Centre: An investment project to establish and operate 2,870-key five-star hotels and a business centre in Village 4, Sangkat 4, Sihanoukville, Preah Sihanouk province, with an investment capital of approximately US$574 million, creating 3,860 jobs.
2. Stung Meteuk Hydropower Project: A 150MW hydropower project in Mondul Seima district, Koh Kong province, under a BOT arrangement, with an investment of more than US$440 million, creating 220 jobs.
3. Kampong Chhnang Logistics Centre: A multi-purpose port and logistics centre in Keng Ta Sok village, Kampong Hao commune, Kampong Leng district, Kampong Chhnang province, with an investment of about US$108 million, creating 115 jobs.
4. Data Centre in Phnom Penh: An investment project to establish and operate a data centre in Village 1, Sangkat Srah Chak, Khan Daun Penh, Phnom Penh, with an investment capital of approximately US$107 million, creating 54 jobs.
5. Solar Power Station: A 60MW solar power station in Prey Chrov village, Kbal Teuk commune, Teuk Phos district, Kampong Chhnang province, with an investment of over US$65 million, creating 35 jobs.
6. Additional Data Centre: Another data centre in Sangkat Toul Sangke II, Khan Russey Keo, Phnom Penh, with an investment capital of approximately US$30 million, creating 43 jobs.
7. Christmas Decorations Factory: A factory to produce lamps, decorative lamps, Christmas trees, and accessories in Prey Sakum village, Prey Thom commune, Kampong Ror district, Svay Rieng province, with an investment capital of approximately US$22 million, creating 1,306 jobs.
8. Amusement Park in Koh Kong: A modern amusement park in Koh Sdach commune, Kirisakor district, Koh Kong province, with an investment of about US$14 million, creating 5,150 jobs.

Notable projects within the SEZ include:

1. Car Tire Production Expansion: An expansion project in Chiluchean Pouchai Special Economic Zone, Svay Rieng province, with an additional investment of about US$212 million, creating 655 jobs. A second phase adds more than US$105 million and 542 jobs.
2. Aluminium Processing Plant: Located in Sihanoukville Special Economic Zone with an investment of US$60 million, creating 237 jobs.
3. Brake Pads Production: A project in Manhattan Special Economic Zone, Svay Rieng province, with an investment of US$30 million, creating 253 jobs.
4. Another Aluminium Processing Plant: Located in Jiangsu Special Economic Zone on National Road 6, Kampong Cham province, with an investment of US$25 million, creating 684 jobs.
5. New Special Economic Zone in Kampong Chhnang: An SEZ project with an investment of US$168 million, creating 723 jobs.
6. SEZ in Svay Rieng: An SEZ project with an investment of US$75 million, creating 331 jobs.
7. SEZ in Kandal: An SEZ project with an investment of about US$32 million, creating 72 jobs.
8. SEZ in Sihanoukville: An SEZ project with an investment of US$19 million, creating 424 jobs.

The surge in investment reflects Cambodia’s growing appeal and the proactive efforts of the CDC to attract and facilitate significant economic developments across the country.

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