Phnom Penh (FN), Mar, 14 – Cambodian Prime Minister Hun Manet said that the approval of 414 investment projects in 2024, worth over USD 6 billion, is the result of joint efforts between the Royal Government and the private sector to attract foreign investors, promote economic development, and create jobs for the people.

The premier spoke on Friday (Mar. 14) during the closing ceremony of the 2024 Cambodian Oknha Association annual meeting at Premier Centre Sen Sok in Phnom Penh.

Samdech Thipadei highlighted that this data demonstrates 2024 as the year in which the Council for the Development of Cambodia (CDC) approved the highest number of projects, exceeding 400 in a single year—an unprecedented milestone. This record-breaking achievement reflects the successful collaboration between the government and the private sector, reinforcing investor confidence and signalling increased interest in investment opportunities in Cambodia.

Prime Minister Hun Manet stressed that in various business forums held both domestically and internationally, the private sector plays a crucial role in attracting and partnering with foreign investors. Regardless of the scale of investment, this remains a positive trend, as countries worldwide are competing to attract investors.

“The private sector is an important partner. When investors enter a new country, they often seek local partners to establish credibility, as they may not be familiar with the market. This is why we sign Memorandums of Understanding (MoU) during investment forums. Following these agreements, companies collaborate and move forward,” the premier underscored.

On the occasion, Samdech Thipadei expressed hope that Cambodia will secure even more foreign investment projects in 2025. In the first two months of this year alone, the CDC approved 44 investment projects, amounting to approximately USD 322 million in capital investment.

The premier added that the Royal Government continues to deploy working groups from various ministries and private sector representatives to promote investment abroad. Simultaneously, the government is making significant efforts to streamline policies and procedures, including customs regulations, taxation, and investment conditions, while addressing existing challenges to attract more foreign investment.
=FRESH NEWS