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 |
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 |

Cambodia Approves 190 Special Economic Zone Projects Totaling $3.2 Billion in Investments

  • Posted Jul 19, 2024 10:21 by EAC News
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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.


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