Cambodia’s investment landscape has seen a robust start in 2024, with the Council for the Development of Cambodia (CDC) approving 106 new projects and production expansion projects worth a total of 2.2 billion USD. According to the CDC’s report, The investment project approvals have increased by 67 projects, while investment capital has seen a significant increase of nearly 2 billion USD, equivalent to 649% compared to the same period in 2023. This significant inflow of local and foreign investment highlights Cambodia’s continued appeal to international businesses and its potential for economic growth.
The approved projects span various sectors, including manufacturing, construction, agriculture, and tourism. This diversification of investments indicates Cambodia’s growing economic maturity and its ability to attract a wide range of local and foreign investors.
- Manufacturing Sector: Standing out as the primary recipient, the manufacturing sector attracted the greatest share of investment in Cambodia at 90.57% (US$860,682,703.00).
- Construction and Other Sectors: This sector received a significant amount of investment accounting for 1.89% (US$687,472,942.00).
- Agriculture and Agri-Industry Sector: This sector holds a noteworthy share of approximately 3.77% (US$66,616,565.00) of the total investment.
- Tourism Sector: This sector accounts for 3.77% (US$588,900,200.00).
The total investment of 2.2 billion USD will significantly contribute to Cambodia’s Gross Domestic Product (GDP) and improve the standard of living for its citizens. The creation of new jobs will reduce unemployment rates and provide better income opportunities for the local workforce. Moreover, the influx of foreign investment will enhance Cambodia’s competitiveness in the global market and promote economic diversification.
