In 2023, Cambodia approved 247 new projects and 21 production expansion projects, of which 71 are endeavors in special economic zones (SEZs), according to the Council for the Development of Cambodia (CDC).
The undertakings represent a total capital investment of $4.9 billion and are expected to generate about 307,000 jobs, according to press release.
The number of investment projects in the industrial sector accounted for about 92%, with approximately 46% of the capital investment coming from the sector. Infrastructure, which accounted for only 2.6% of total projects, contributed to about 44% of investment due to the nature of financing in the sector, which required substantial amounts of funding. The flow of private investment in 2023 rose markedly by around 22% compared to 2022.
According to the CDC, most of the capital investment flows in 2023 came from China and local sources, contributing nearly 90% of total investment. According to CDC Report 2023, most projects are located in Kampong Speu province, Phnom Penh, and the provinces around the capital, including Kandal and Takeo, as well as some provinces with SEZ development, such as Svay Rieng and Preah Sihanouk.
(Image source: CDC)
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