Takeo (FN), Apr. 11 – Cambodian Prime Minister Hun Manet stated that according to the report from the Council for the Development of Cambodia (CDC), a total of 268 investment projects were approved in 2023. These included 247 new projects and 21 production expansion projects, with a combined investment totalling USD 4.9 billion. These investments generated more than 300,000 jobs.
As of the first quarter of 2024, the CDC approved 106 new projects and production expansion initiatives with a total investment of USD 2.2 billion, generating over 107 thousand jobs.
The premier spoke on Thursday (Apr. 11) during an inauguration of Kirisu Dairy Farm in Takeo province.
Samdech Thipadei underlined that the process of investment registration with the CDC differs from that of other countries. While in some countries, the approval of 100 investment projects may vary, in Cambodia, most pre-approval requirements lie in having a clear location and lease agreement, demonstrating genuine commitment to investment.
"Some people may claim that the new prime minister is merely attracting investors. However, I can tell you that in the first quarter of this year alone, 106 projects were registered and underwent significant progress in Cambodia," Samdech Thipadei underscored.
The premier pledged to continue attracting more investors to Cambodia, noting that a recent visit saw a group of investors from Macau, Hong Kong, Europe, and Korea exploring investment opportunities. He also announced plans to negotiate further investment prospects during a trip to Korea in May.
Samdech Thipadei continued, attracting investor to Cambodia poses challenges, requiring the creation of a conducive environment, provision of various incentives, and maintenance of peace and social order.
On the occasion, Prime Minister Hun Manet instructed ministries, professional institutions, and local authorities to exert efforts in facilitating investment projects to ensure their smooth and sustainable operation within their respective regions.
Samdech Thipadei underscored, "I can only initiate contact with investors, but whether they decide to invest largely depends on the ministries and institutions responsible for direct coordination and policy encouragement, in collaboration with local authorities, to ensure feasibility and sustainability."
The premier further stated that facilitating investment projects not only contributes to boosting the national economy but also benefits local communities. Hence, attracting investment remains a top priority for the Royal Government.
=FRESH NEWS
