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Logo of Phnom Penh Post newspaper Phnom Penh Post - Investors show reluctance

Investors show reluctance

Investors show reluctance

At the National Committee for Investment (NCI) various local and foreign investors

are seen going to apply for investment in different fields every month. But, for

the whole of September, none could be found there.

During the first and second quarter of 1993, 57 companies came to invest in Cambodia,

mainly in industry, communication, agriculture and tourism. They came mostly from

Thailand, Hong Kong and Singapore.

But during the third quarter of this year, only four companies registered for investment

in Cambodia in July, one in August, and none in September.

According to an official at the NCI, the deteriorating security situation makes investors

feel reluctant and leave the country.

Investors worry that it takes so long for authorization to invest here to be approved.

To date, there have already been 104 companies investing in Cambodia, but no considerable

results have been recorded.

A large number of companies just put up sign- boards without doing anything.

Development is greatly needed in Cambodia. We hope that a lot of other companies

will come and invest in our country.

- (Translated from Rasmey Kampuchea by Moeun Chhean Nariddh)

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