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Deadly Collision Claims 67 Lives in U.S. Air Disaster | At Least 30 Dead and Many Injured in Stampede at Maha Kumbh Mela in India | Chinese President Xi Jinping Affirms Cambodia's Role as a Key Partner in China’s Diplomatic Strategy | Xi Jinping Concludes State Visit to Cambodia, Strengthening Bilateral Ties | Chinese President Xi Jinping Concludes Successful State Visit to Cambodia | Chinese Ambassador: US-China Trade Tensions Harm Developing Nations; President Xi Urges Investment in Cambodia and Expanded Market Access | Japanese Maritime Self-Defense Force Ships Bungo and Etazima Dock at Ream Sea Base for Four-Day Visit | Prime Minister Hun Manet Expresses Displeasure Over Criticism of Chinese Investments During Kampot International Tourist Port Inauguration | Asian Development Bank Collaborates with Cambodia on New Development Projects Worth Over $1 Billion |

Non-SEZ Investment Projects Up 236% In Value In In The Last Two Months

  • Posted Apr 23, 2022 11:21 by Anthony Ellis
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PHNOM PENH: There was 35 new investment projects that were approved by the Council for the Development of Cambodia in the first two months of this year, an increase of 14 projects from the same period last year.

The Socio-Economic Trend of the Ministry of Economy and Finance reported, that the total capital of the non-special economic zone (SEZ) investment projects has surged by 236 percent to US$2 billion,

The licensed investment projects are expected to create approximately 31,000 new jobs, up 75.3 percent compared to the same period in 2021.

Mr. Lim Heng, Vice-President of the Cambodia Chamber of Commerce, said that the new investment law and the high COVID-19 vaccination rate are key factors attracting new investments to the Kingdom.

“With high vaccination rate against COVID-19 and new investment law, Cambodia will be able to attract more and more new investments,” he said.

Since Cambodia promulgated a new legislation on investment titled the Law on Investment of the Kingdom of Cambodia In October 2021. The growth has increased.

Cambodia has so far administered one dose of COVID-19 vaccines to over 14.87 million people, or 92.97 percent of its total population of 16 million, the Ministry of Health said, adding that of them, more than 14.13 million have been fully vaccinated with two required shots


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