Cambodia approves 31 investment, production expansion projects in Oct

The projects, expected to create 16,000 jobs, include factories for shoes, decorations, household goods, camping accessories, beverages, bags, agro-industrial products, car accessories, furniture, chemicals and mining, as well as a shopping mall, a CDC press release said.

The Chinese were the largest investors, accounting for 53.39 per cent of total such investment, followed by domestic investors at 29.47 per cent, with further financing from Singapore and Vietnam.

More than 93 per cent of these funds were directed to the industrial sector, while over 6 per cent went to agriculture.

Twenty one of the 31 projects are located outside special economic zones (SEZs), with the remaining 10 within SEZs, domestic media outlets reported citing the release.

CDC had approved 26 new investment and two production expansion projects in September, with a combined investment capital of over $443 million, creating nearly 25,000 new jobs. Of these, 22 are located within SEZs and six outside SEZs.

ALCHEMPro News Desk (DS)