CDC Approves 106 Investment Projects in First Semester

AKP Phnom Penh, August 03, 2018 —

The Council for the Development of Cambodia (CDC) approved 106 investment projects in the first six months of this year, up 19 projects, compared with the figure in 2017, said the CDC in a news release.

Of the 106 investment projects, which created almost 100,000 jobs, 97 were new projects and 9 were production expansion projects, it pointed out.

According to the same source, the total investment capital during the first semester was some US$3.5 billion up 14 percent, and most of the investment projects covered the sectors of agriculture and agro-industry (about 77 percent increase).

These figures reflect the growing investment tendency in Cambodia despite the election season.

Cambodia’s recent parliamentary election witnessed peaceful and smooth process with nearly 83 percent or 6,946,164 voter turnout across the country, and a new government will be in place by the end of September.

By So Sophavy