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European FDI declines, China’s up

European FDI declines, China’s up

European companies contributed less to total foreign direct investment (FDI) in Cambodia in 2011 than in 2012 as Chinese investment rose, Eurocham chairman Dominique Catry said yesterday.

According to data from the Council for Development of Cambodia (CDC), 1.9 per cent of the total registered FDIs came from Europe in 2012, compared with 44.8 per cent from Asian countries.

“We would like to have more diversity, and welcome investments in all sectors, from all countries,” CDC secretary general Sok Chenda said.

The data shows registered European FDIs since 1994 totalled $3.685 billion in 2012.

Catry said EU companies invested $145 million in 2011.

The data shows the biggest EU contributors since 1994 were the UK ($2.4 billion), Russia ($616 million) and France ($302 million), but a potential investment of $2.2 billion from the UK is affiliated with the domestic conglomerate Royal Group, as the Post has reported.

To contact the reporter on this story: Sarah Thust at [email protected]

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