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Plan targets $26.8B in investment

Plan targets $26.8B in investment

Cambodia will seek to raise $26.8 billion of investment over the next five years to achieve its 7 per cent year-on-year GDP growth targets, according to the National Strategic Development Plan 2014-2018 released yesterday.

Some $3.9 billion is to be spent in agriculture. The industrial sector, which includes mining, manufacturing, oil and gas and electricity, is slated for $12.8 billion, and $10 billion will be for services like tourism, transport, communications and public administration. Half of the capital is to be raised domestically, with the other half to come from foreign investment.

Referring to the global economic downturn and the unpredictability of natural disasters, Prime Minister Hun Sen stressed the importance yesterday of financial planning.

“Even if [these events occur], based on the plan of the national development strategy, the [government] can achieve good results, especially ensuring a stable life for the people of Cambodia,” he said.

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