PHNOM PENH, Sept 6 (NNN-AKP) – Cambodia approved 123 fixed-asset investment projects, worth nearly 3.3 billion U.S. dollars, in the first eight months of this year, according to the Council for the Development of Cambodia’s report, today.
The approved projects, during the Jan-Aug period, included garment, footwear and travel goods factories, tire factory, hotels, hospitals, automobile assembly factory, electronic factory, and fruit processing and packaging factory, among others, the report said.
Lim Heng, vice-president of the Cambodia Chamber of Commerce, said, the kingdom’s successful control of the COVID-19 pandemic, the implementation of the Regional Comprehensive Economic Partnership (RCEP) trade pact, and the Cambodia-China Free Trade Agreement (CCFTA) are the key factors attracting investors.
Both RCEP and CCFTA entered into force in Jan this year.
“Cambodia continued to attract a large amount of investment capital, even during the pandemic. This truly reflects that the kingdom is a potential destination for both domestic and foreign investors, especially for Chinese investors,” he said.
