China remains largest investor in Cambodia

(ECNS) -- From January to September this year, the Council for the Development of Cambodia (CDC) approved 191 investment projects exceeding 3.7 billion U.S. dollars. with China maintaining its position as the largest investor in Cambodia.

Data indicates that in the first nine months of this year, the CDC approved 41 more new investment projects compared to the same period last year. Chinese enterprises have invested over 2.8 billion U.S. dollars in Cambodia, accounting for approximately 76 percent of the total figure, while local Cambodian investments rank second, constituting over 12 percent.

In September, the CDC approved 27 new projects with a total investment of 1.6 billion U.S. dollars, creating over 30,000 job opportunities for local residents. These projects include large-scale ventures in transportation, electricity, steel, and other sectors.

Cambodia is attracting an increasing number of Chinese investors through its participation in the Belt and Road Initiative. Local business figures express the hope that, with continuous improvement of the business environment, more Chinese entrepreneurs would choose Cambodia as a destination for investment and development.