Search form

Login - Register | FOLLOW US ON

Logo of Phnom Penh Post newspaper Phnom Penh Post - Plan targets $26.8B in investment

Plan targets $26.8B in investment

Cambodia will seek to raise $26.8 billion of investment over the next five years to achieve its 7 per cent year-on-year GDP growth targets, according to the National Strategic Development Plan 2014-2018 released yesterday.

Some $3.9 billion is to be spent in agriculture. The industrial sector, which includes mining, manufacturing, oil and gas and electricity, is slated for $12.8 billion, and $10 billion will be for services like tourism, transport, communications and public administration. Half of the capital is to be raised domestically, with the other half to come from foreign investment.

Referring to the global economic downturn and the unpredictability of natural disasters, Prime Minister Hun Sen stressed the importance yesterday of financial planning.

“Even if [these events occur], based on the plan of the national development strategy, the [government] can achieve good results, especially ensuring a stable life for the people of Cambodia,” he said.

1

Comments

Please, login or register to post a comment
samatan's picture

How to prove that will be use the amount of $3.9 billion is to be spent in agriculture?

Latest Video

Bodies of Cambodian peacekeepers returned to Kingdom

The bodies of four Cambodian peacekeepers killed by a Christian militia in Central African Republic were repatriated to the Kingdom and honoured in an airport ceremony on May 21.

Phnom Penh eats: Ptas Nak Battambang

As the name suggests, Ptsa Nak Battambang – which in English means Battambang's house – is the right place for those who want to try some of the province's typical dishes in Phnom Penh.

Military police stand guard outside a polling station that was allegedly prematurely closed to eligible voters during the 2013 general election in Kandal province. Photo supplied

The Ministry of Defence on Friday lashed out at civil society and election monitoring groups, claiming a

Opposition leader Kem Sokha uses his hat to gesture to supporters during a campaign rally yesterday in Siem Reap province. Facebook

Prime Minister Hun Sen yesterday threatened to unleash war on the opposition party if he loses patience with their campaign for the June 4 commune