Logo of Phnom Penh Post newspaper Phnom Penh Post - China leads foreign investment in 2007

China leads foreign investment in 2007

China leads foreign investment in 2007

Investment in Cambodia looks set to be lower for 2007 than 2006 but the Council for

the Development of Cambodia (CDC) has not yet released data for November and December

which could boost the figures. In the first ten months of 2007 combined Cambodian

and foreign direct investment was $1.9 billion. This compares to $4.3 billion in

2006 and $830 million in 2005. Domestic investment is far ahead of foreign direct

investment-57.50 percent of all investment was Cambodian. Foreign direct investment

came largely from the Kingdom's Asian neighbors. ASEAN nations between them accounted

for 8.77 percent of the total, other Asian nations-including China's $122,043,628-accounted

for 22.94 percent. America invested just $616,982 which makes up only 0.03 percent

of the total, and is dwarfed by Saudi Arabia's $131,200,000-6.68 percent of the total.

Agriculture and agro-industry was the sector that attracted most capital investment-some

$57,503,281 spread over seven projects. The garment sector continued to attract investors

with 28 new projects and investment totaling $108,679,225.


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  • Ministers to tackle sea pollutants

    Preah Sihanouk provincial authorities and members of local communities have collected 77 tonnes of water hyacinth at a Sihanoukville beach, Preah Sihanouk Provincial Hall spokesperson Or Saroeun said. He told The Post yesterday that the aquatic weeds had been floating along some of the province’s

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    Ninety-one Chinese nationals accused of extorting money from victims in a Voice over Internet Protocol (VoIP) scam were deported from Phnom Penh International Airport on Monday under the escort of 182 Chinese police personnel. General Department of Immigration head of investigations Ouk Hay Seila told reporters

  • EU officials: Ending EBA an 18-month procedure

    EU officials have confirmed that it will take a total of 18 months to complete the procedure if Cambodia’s preferential Everything But Arms (EBA) trade agreement is to be withdrawn. According to EU Agriculture and Rural Development spokesman Daniel Rosario, the formal process has not