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Cambodia attracts 748 mln USD investment in January

0 Comment(s)Print E-mail Xinhua, February 5, 2025
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PHNOM PENH, Feb. 5 (Xinhua) -- Cambodia attracted fixed-asset investment of 748 million U.S. dollars in January 2025, up 300 percent from 187 million dollars year on year, the Council for the Development of Cambodia (CDC) said in a news release on Wednesday.

The kingdom approved 68 investment projects last month, up from merely 32 projects in the same month last year, the CDC said, adding that the projects approved last month could generate about 46,000 jobs.

Outstanding projects included an auto garage equipment manufacturer, a car tire plant, a car assembly plant, a metal processing plant, a plastic product factory and an aluminum processing plant, among others.

China remained the top investor in the Southeast Asian country, the CDC said.

Ministry of Commerce's Secretary of State and spokesperson Penn Sovicheat said the Regional Comprehensive Economic Partnership agreement and Cambodia's bilateral free trade agreements (FTAs) with China, South Korea, and the United Arab Emirates are key factors in attracting foreign direct investment to the kingdom.

"These regional and bilateral FTAs are magnets for foreign investors to Cambodia," he told Xinhua. Enditem

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