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Cambodian Human Rights Committee Remarks on Recent Case of Detained Soldiers and Thai Response | CMAC Confirms Expertise on MK-84 Bomb as Evidence Supports Cambodia’s Claims | U.S. Pledges Full Support for Cambodia–Thailand Ceasefire in Meeting with General Tea Seiha | UN Agencies Join Government Field Visit to Assess Needs of Displaced Communities in Oddar Meanchey and Siem Reap | Cambodians Worldwide Stand for Peace as PM Pushes for Release of Soldiers Held by Thailand | TOP NEWS: Cambodia and Thailand Agree to Ceasefire and Establish Mechanisms for Border Stability | TOP NEWS: Cambodia, Thailand Reach Critical Agreements in Bid to Ease Border Tensions | TOP NEWS: Cambodian Prime Minister Hun Manet Nominates Donald Trump for Nobel Peace Prize | U.S. Welcomes Progress in Cambodia-Thailand Ceasefire Efforts | Techo Hun Sen Addresses Escalating Cambodia–Thailand Border Incidents | Japan Welcomes Cambodia-Thailand Ceasefire Mechanism Agreement | BREAKING: Two Malaysian Tourists Set on Fire in Bangkok, Suspect Arrested | Thailand Taps Former Beauty Queen Panadda Wongphudee to Counter Cambodia’s Defence Spokeswoman | BREAKING: THIRD LANDMINE BLAST INJURES THAI TROOPS NEAR CAMBODIAN BORDER, SPARKING DIPLOMATIC CLASH | BREAKING: Thai Patrol Hit by Landmine Near Thai Border—Cambodia Rejects Accusations | BREAKING : Cambodian Mine Authority Denies Thailand’s Allegations of New Landmine Use |

CDC Confirms Approval of Investment Projects Valued at $4 Billion Over Six Months

  • Posted Apr 10, 2024 10:00 by Anthony Ellis
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Phnom Penh, April 10, 2024: The Council for the Development of Cambodia (CDC) has given the green light to 173 investment projects, totaling approximately US$4 billion in value, over the past six months, from September 2023 to February 2024.

This update was provided during a Dissemination Workshop on the Investment Law and its implementing Sub-Decree, which took place on April 8, led by SUN Chanthol, Deputy Prime Minister and First Vice President of the CDC.

The latest data marks a significant uptick in investment activity, showcasing an increase of 83 projects and an infusion of US$3.1 billion in capital compared to the same period the previous year. These projects are anticipated to create around 180,225 job opportunities for Cambodian citizens.

In his opening remarks at the workshop, SUN Chanthol highlighted the Kingdom of Cambodia's new Investment Law as a milestone in welcoming both domestic and international investors. The law, enacted on October 15, 2021, by King Norodom Sihamoni, has been hailed by the World Bank as the most investor-friendly legislation in the region.

SUN Chanthol further noted that the CDC, in collaboration with various stakeholders including local government bodies, the Cambodian Oknha Association, and the Cambodia Chamber of Commerce, is in the process of compiling a comprehensive guide on investment opportunities across Cambodia's 25 provinces and capitals. This initiative aims to showcase the country's diverse investment potential to a global audience.


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