Cambodia attracts record foreign investment growth

The Council for the Development of Cambodia (CDC). - PPP

PHNOM PENH (The Phnom Penh Post/Asia News Network): Despite global and regional economic downturns due to ongoing geopolitical conflict, Cambodia continues to be a beacon for investments. In the first nine months of 2023, the kingdom drew in fixed-asset investments worth US$3.76 billion, marking an 8.6 per cent rise from the $3.46 billion recorded in the same period last year.

According to data released by the Council for the Development of Cambodia (CDC) on Oct 7, between January and September they approved 191 investment projects, a 27 per cent increase from 150 projects over the corresponding period the prior year.