A Change of Guard

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Thursday, 28 April 2016

Cambodia approves 45 fixed-asset investment projects in Q1



Xinhua News Agency | Wed,2016-04-27 Cambodia approves 45 fixed-asset investment projects in Q1 


PHNOM PENH, April 27 (Xinhua) -- The Council for the Development of Cambodia (CDC) approved 45 fixed-asset investment projects with a total investment of 1 billion U.S. dollars in the first quarter of 2016, according to its press release on Wednesday.

During the January-March period this year, the CDC gave green light to 36 projects in industries, five in tourism, three in agriculture and agro-industry, and one in infrastructure development.
"These projects will create nearly 50,000 new jobs," the press release said.

According to the press release, domestic investors topped the chart among all investors in Cambodia, followed by China and Japan. 

The Southeast Asian country has been strongly encouraging investments in agriculture, agro-industry, transport, energy, export-oriented processing and manufacturing, tourism, and oil and gas. Enditem

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