Phnom Penh (FN), Dec. 6 – In November 2024, the Council for the Development of Cambodia (CDC) approved 43 projects worth USD 939 million, according to the press release seen by Fresh News on Friday (Dec. 6).

In November 2024, CDC approved 40 new investment projects and three product expansion projects, with a total investment capital of USD 939 million and creating about 39,000 jobs. Of the total investment projects, 32 are located outside Special Economic Zones (SEZ), while 11 are within SEZs.

Notably, the most prominent investment projects for November include:

A. Outside the SEZ:

1. Infrastructure: Expansion project for a local telecommunication service investment (mobile phone system) across capital and provincial locations throughout the country, with an additional investment of USD 480 million, creating 2,004 jobs.

2. Tourism: Investment project for the construction of a 300-room five-star hotel in Bavet Kandal Village, Sangkat Bavet, Bavet City, Svay Rieng Province, with an investment of USD 70 million, creating 822 jobs.

3. Industry: Investment project to establish an energy drink factory in Krous Village, Sangkat Samrong, Khan Prek Pnov, Phnom Penh, with an investment of USD 39 million, creating 115 jobs.

4. Industry: Investment project to construct a factory for producing Christmas lights, windmills, and furniture in Village 1, Treng Trayeung Commune, Phnom Sruoch District, Kampong Speu Province. The project involves an investment of USD 35 million and will creating 1,930 jobs.

B. Inside the SEZ:

1. An investment project to establish a special economic zone in Trapeang To Village and Trapeang Moul Village, Cheung Ko Commune, Prey Nob District, Preah Sihanouk Province, with an investment of USD 50.5 million, creating 203 jobs.

2. An investment project to build an aluminum processing plant and manufacture solar panels and accessories in the Sihanoukville Special Economic Zone, with an investment of USD 30 million, creating 160 jobs.

It should be noted that in November 2024, investment from Viet Nam ranked first, accounting for 51.08 per cent of total investment, followed by China at 24.26 per cent, and Cambodia in third place, contributing 14.49 per cent of the total investment capital.
=FRESH NEWS