Value of new non-SEZ projects rises threefold

Effective management of the Covid-19 crisis in Cambodia has led to an increase in the number of government-approved investment projects outside the Kingdom’s special economic zones (SEZ) in the first two months of 2022, with a total capital investment of “more than $2 billion” – a more than threefold increase from the year before, according to a new report from the Ministry of Economy and Finance.

Released on April 18, the report said that in the first two months of 2022, the investment situation showed a “slight” improvement, with private investment projects outside of the SEZ approved by the Council for the Development of Cambodia (CDC) – the highest decision-making body of the Kingdom for private and public sector investment – totalling 35 projects, up from 21 last year, with investment increasing 236.5 per cent year-on-year.

With a total capital investment stated in the report as being worth “more than $2 billion”, the projects are expected to create around 31,000 jobs.

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Hin Pisei