Cambodia approves investment projects worth over $4 bn in 2022

Fixed asset investment projects valued at more than $4.685 billion have been approved by the Council for the Development of Cambodia (CDC) in 2022, which is an increase of 7 per cent year-on-year (YoY). Final registration certificates were issued for new non-special economic zones (SEZ) investment projects valued at $3,449 million—up 49 per cent YoY, as per a CDC report.

Investment projects which were registered in the SEZ dropped by 39 per cent to around $1,235 million. Cambodia’s local investment projects worth $2,707 million comprised 57 per cent of the total investment in the country, the CDC said.

The Southeast Asian country’s foreign investment from China accounted for 30 per cent—valued at $1,408 million. Other countries that invested in Cambodia were Australia, British Virgin Islands, Cayman Islands, Japan, Malaysia, Singapore, South Korea, and Thailand, according to several Cambodian media reports.

In full: https://www.fibre2fashion.com/news/textile-news/cambodia-approves-investment-projects-worth-over-4-bn-in-2022-285132-newsdetails.htm

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