A Change of Guard

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Wednesday 29 June 2011

Cambodia approves 2.61 billion USD investments in 5 months, up 182%

PHNOM PENH, June 28 (Xinhua) -- The Council for the Development of Cambodia (CDC) on Tuesday reported that the domestic and foreign investments in Cambodia in the first five months of this year reached 2.61 billion U.S. dollars, 182 percent rise from 925 million U.S. dollars in the same period last year.

The figure showed that from January to May this year, investments in tourism have hit 2.18 billion U.S. dollars, up from just 17 million U.S. dollars in the same period a year ago.

Besides tourism, there were investments in telecommunication maintenance services, garment industry and agriculture.

A CDC's senior official said more and more investors have been seeing Cambodia's potentials for their business ventures and have more confidence in this country.

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