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NEWS

75 investment projects approved in first eight months this year

Property Invest in Cambodia-A report from the Ministry of Economy and Finance issued earlier this month stated that all private investment projects amounted to a total of $1,106 million, down 52.5 percent from the same period last year.

These new projects created about 57,000 jobs, down 32.3 percent compared to the same period last year.

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The approved projects are industrial investment projects in the energy, services and tourism sectors, the report said.

The ministry noted in the report that the economy has been affected by the negative impact of the Covid-19 pandemic, especially the February 20 Community Event, which has put a lot of pressure on main sectors of Cambodia’s economic growth.

Last year, CDC approved 238 investment projects worth a total of $8.2 billion, down 12 per cent from 2019.