Malaysian businesses have made up a third of foreign investment projects
in Cambodia by value according to figures just released by the Cambodian Development
From 1994-98, the CDC approved 732 projects of foreign investments in Cambodia, with
proceeds of $5.3 billion. Almost 35% of this amount is Malaysian investment, according
to Mr. Sok Chenda, secretary general of the CDC.
He said most Malaysian companies are investing in services, including hotels, airports,
telecommunications and agriculture.
In general, from 94 to 97, he said, 50% of all investments have become operational,
adding that in 1998 this figure reached 65%. He reasoned that the percentage is getting
higher because more investors applying for operating licenses are actually going
ahead with them.