The Council for Development of Cambodia (CDC) has greenlighted 44 new investment projects with a combined capital of US$396 million in July 2024. These projects are expected to generate approximately 25,000 jobs for the local workforce, stated a CDC's report issued on Wednesday. China remains the top investor in Cambodia, accounting for 68 percent of the total investment capital, resulting from the strong economic ties between the two countries and bilateral free trade agreement and RCEP agreement. Local investors contributed 14.25 percent to the overall investment. Other FDIs are from Singapore, Vietnam, and the Philippines. The CDC's approval signifies investors' continued interest in the country's favourable business climate and growth potential. The Royal Government has been actively implementing policies to attract investors and improve the investment environment. The CDC's approval of these investment projects is seen as a positive indicator of Cambodia's economic prospects and its ability to att ract foreign capital. Cambodia attracted fixed-asset investment of US$3.25 billion in the first half of 2024, surging 195 percent from US$1.1 billion in the same period last year, the CDC's report showed. Source: Agence Kampuchea Presse
Myanmar Clears Path for Junta Leader to Become President
March 30, 2026