A Change of Guard

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Sunday 18 December 2011

Investment reaches $6.01 billion in 10 months to October

Saturday, 17 December 2011
Posted by Serath

PHNOM PENH, (Cambodia Herald) - The Council for Development of Cambodia approved 126 projects valued at $6.01 billion in the 10 months to October including two chemical and garment projects from British investors with a combined value of $2.2 billion, a senior trade official said Saturday.

Tek Reth Kamrong, secretary of state at the Ministry of Commerce, said investors from Cambodia accounted for 23 projects valued at $1.4 billion and were followed by investors from China, Vietnam and Malaysia.

"The volume of investment is a sign of development, the strong business environment and the many opportunities in Cambodia. That's why we have 26,200 companies registered," she told a seminar on the sidelines of a four-day trade exhibition.

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