Phnom Penh, July 11, 2024 – Australia is partnering with the Cambodian Government to foster a robust business environment and attract investment to Cambodia’s provinces.
This will help drive economic growth by diversifying not only the country’s primary investment sectors but also its investment locations – beyond key economic hubs such as Phnom Penh.
With support from the Cambodia Australia Partnership for Resilient Economic Development (CAPRED) program, training was recently delivered by the Council for the Development of Cambodia to 280 Municipal-Provincial Investment Sub-Committee members from six provinces.
The training focused on the roles of the sub-committees under the amended Law on Investment and other regulations which now give provinces the authority to approve investment projects valued up to US$5 million, offer investment incentives and settle investment disputes.
