PHNOM PENH, July 19, 2024 — In the first half of 2024, the Council for the Development of Cambodia (CDC) has given the green light to 190 new and expanded investment projects focused on establishing special economic zones (SEZs). These projects represent a substantial $3.2 billion investment and are projected to create 168,572 job opportunities for Cambodians.

During a meeting on Thursday afternoon to assess private sector investment progress, Deputy Prime Minister Sun Chanthol, who also serves as the First Vice President of the CDC, highlighted the role of the private sector as a crucial driver of Cambodia's economic growth. The meeting, led by Lok Chumteav and attended by numerous professional officials, underscored the government's commitment to fostering a conducive environment for investment.

Sun Chanthol emphasized the CDC's proactive efforts to attract investors from various regions as part of Cambodia's broader economic strategy. The country aims to become a high-income nation by 2050, and these SEZ projects are pivotal in achieving this goal by boosting economic development and creating significant employment opportunities.