[ASEAN Special Line] Cambodia attracted a surge in investment in the first two months of 2024
China News Service, Phnom Penh, March 10. Xie Wudi, Secretary-General of the Cambodian Investment Commission, said on the 8th local time that in the first two months of 2024, Cambodia attracted a total of more than 1.3 billion US dollars in investment, an increase of more than 500% compared with the same period in 2023.
Among them, China’s direct investment in Cambodia is US$545 million.
A cooperation and exchange meeting between China's Shandong Province and Cambodia's two-corridor construction was held in Phnom Penh that day. Xie Wudi, who attended the event, revealed the aforementioned data in his speech.
According to local media reports, Xie Wudi said that Cambodia will absorb US$4.9 billion in investment in 2023, with investment from China ranking first, accounting for 66%.
Over the years, China’s direct investment in Cambodia has continued to rank among the top, most of which are concentrated in the fields of industry, infrastructure and agricultural product processing.
Xie Wuwei warmly welcomed the Shandong delegation to Cambodia and encouraged Chinese investors to further understand the Cambodian market potential and introduce advanced professional technologies into Cambodian industry, agriculture, aquaculture, marine industry and other fields to enhance the modern production of these industries. capabilities and product added value.
Cambodian Deputy Prime Minister Son Chanthot told a foreign chamber of commerce delegation earlier this week that Cambodia offers a large number of investment opportunities in key areas such as infrastructure and energy, and also plans to increase the share of renewable energy in the total energy structure by 2030. The ratio has increased to 70%, which also brings important development opportunities to foreign investors.
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