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Cambodia approved $460 million worth of investment projects in Q3

by Surya Narayan
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52 fixed asset investment projects totaling over $460 million were approved by the Council for the Development of Cambodia (CDC) in the third quarter of 2022, an increase of 10.6% over the same time the previous year.

A recent report from the Ministry of Economy and Finance states that the investment projects that were approved resulted in the creation of 40,274 jobs for locals.

According to the report, 33 investment projects in the industry, service, and tourism sectors with a combined value of $266 million are based outside of special economic zones.

The special economic zones also contain 19 additional projects valued $194 million.

According to the ministry, an increase in foreign tourism, construction projects, investments in the service and industrial sectors, and an increase in domestic production helped Cambodia’s economy rebound in the third quarter.

According to the ministry’s report, the growth is the result of investments in special economic zones, hospitals, automobile assembly, development projects on islands, and solar PV installation.

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