​CDC: In H1, 87 new investment projects with an investment of over $2.7 billion have been approved

In the first six months of 2022, from January to June, the Council for the Development of Cambodia (CDC) approved 87 investment projects with an investment of more than 2,700 million US dollars. This is according to the report of the Council for the Development of Cambodia.

According to a report by the Council for the Development of Cambodia, Cambodia has approved more than $2.7 billion in investment projects in a number of areas that will create tens of thousands of jobs.

Most of the 87 investment projects include Garment, footwear, bags, travel equipment, fruit packaging processing, tire production, wiring and plastic products, and assembly car plants and projects in many other areas.

On the sidelines of the 6th "High-Level Dialogue on ASEAN-Italy Economic Relations" in Kuala Lumpur, Malaysia, recently, H.E Sok Chenda Sophea, Deputy Prime Minister and Secretary-General of the CDC encouraged investors in ASEAN countries. In particular, investors from Italy and other countries explore more about Cambodia's potential and investment opportunities in deciding to invest in Cambodia to take advantage of the many agreements that Cambodia has signed, especially the  Regional Free Trade Agreement (RCEP), which came into force in early 2022.

In a meeting with the Malaysian Retail Supply Association and the Malaysian Small and Medium Enterprises Corporation, H.E Sok Chenda Sophea stated that the Council for the Development of Cambodia, as an investment promotion institution, is ready to provide maintenance and facilitation services to Malaysian investors. And investors of all nationalities, and the new investment law, which came into force at the end of 2021, is also a solid legal framework that provides many incentives for investment in Cambodia.

Source: Fresh News

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