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.

MOST VIEWED

  • Angkor Wat named as the top landmark for the second year

    Travel website TripAdvisor has named Cambodia’s ancient wonder Angkor Wat as the top landmark in the world for the second year running in their Travelers’ Choice Award 2018, an achievement Cambodian tourism operators expect will attract more tourists to the Kingdom. The website uses traveller

  • Hun Sen detractors ‘will die’

    Prime Minister Hun Sen on Wednesday said those who curse or insult him would eventually die without a plot of land to bury their bodies after being killed by lightning, suffering the same fate as those who recently died in Thmar Baing district in Koh

  • Monks given ‘Samdech’ title for contributions

    Three senior monks on Thursday were given the highest-ranking title “samdech”, with Prime Minister Hun Sen saying that the promotions were due to their contributions to Buddhism. The three distinguished monks were promoted on Thursday morning at Botum Vatey pagoda in Phnom Penh, at a

  • Facing possible sanctions, PM criticises Washington’s rights record

    While United States congressmen are discussing the Cambodia Democracy Act and an amendment that could impose more sanctions against Cambodia’s government, Prime Minister Hun Sen on Tuesday counterattacked by questioning the respect of human rights and democracy under the US-backed Lon Nol regime, and