Local players represent 51% of key Jan-Sep investments

The Council for the Development of Cambodia (CDC), the government’s highest decision-making body for large-scale investments, has approved 150 new projects with a total registered capital of $3.45958 billion expansions between January to September. Compartmentalizing by sectors, industry is in the top rankings with 132 projects worth $1.3993 billion, followed by infrastructure and others with 8 projects, $1.79115 billion, agriculture and agro-industry with 7 projects, $104.874 million, as well as tourism with 3 projects, $164.250 million. According to Cambodia Chamber of Commerce (CCC) vice-president, Lim Heng, two main factors that influence investors’ decisions are confidence in government policies and market conditions. Additionally, investment from local players demonstrates to be more gainful for locals since they have tended to use local resources as well as increase new jobs.

Reference: Hin, P. (2022, October 06). Local players represent 51% of key Jan-Sep investment. The Phnom Penh Post. Retrieved from: https://www.phnompenhpost.com/business/local-players-represent-51-key-jan-sep-investments