Cambodia approves investment projects worth US$2.2bil in Q1

PHNOM PENH: Cambodia attracted fixed-asset investment of US$2.2 billion in the first quarter (Q1) of 2024, a sharp rise of 649 per cent compared to the same period last year, said a Council for the Development of Cambodia (CDC)'s report released on Friday (April 5).

Cambodia approved 106 investment projects during the January-March period this year, significantly up from only 39 projects over the same period last year, generating approximately 107,000 jobs, the CDC said.