The Council for the Development of Cambodia (CDC) reported that the government has approved 61 new private investment projects with a total estimated value of $516.64 million and potentially creating about 76,310 jobs. These projects cover a variety of manufacturing factories and industries. Lim Heng, vice-president of the Cambodia Chamber of Commerce (CCC), expressed his pleasure that the Kingdom can still attract new investments despite the difficulties and uncertainties of the world economy. Political stability, a healthy economy, favorable investment legislation, and other trade deals such as the Free Trade Agreement (FTA) and Regional Comprehensive Economic Partnership (RCEP) are aiding in drawing more foreign investments.

Reference: Hin, P. (2023, June 4). Investment projects promise almost 80k new job opportunities. Phnom Penh Post. Retrieved from https://www.phnompenhpost.com/business/investment-projects-promise-almost-80k-new-job-opportunities