Doubled in a year! Investments in Cambodia keeps increasing in 2018
Foreign investments in Cambodia have been ever-increasing since last year. To speak figures, the capital has grown over $ 6.3 billion by the eve of 2018 from $3.6 billion in 2016 as per the Council for the Development of Cambodia (CDC).
Cambodia has grown in a lot of sectors within the last few years. Sectors like Banking, Infrastructure development etc. has been pulling significant foreign capitals too. Added to that, Tourism and Real Estate in Cambodia have been steadily growing.
Most of the foreign investment in Cambodia in recent times has come from China. In a Cambodia-China Business Forum in Phnom Penh organized in March, 2018 Nut Unvoanra, deputy secretary general of the Cambodia Investment Board at the CDC stated, “In five straight years, from 2013 to 2017, China was Cambodia’s largest foreign direct investor, with investment capital of $5.3 billion, or about $1 billion annually.” This forum itself had more than 50 Chinese business delegates from 20 companies to Cambodia to promote further investment.
According to trends so far and rational assessment, Cambodia is looking at a steady hold on increasing foreign investments and booming sectors. In 2016, China had surpassed Cambodia itself by emerging as the biggest source of capital investments in Cambodia according to CDC.
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