July 22, 2011

Cambodia approves nearly 3 bln USD investment in 1st half


PHNOM PENH, July 21 -- The Council for the Development of Cambodia (CDC) on Thursday reported that the domestic and foreign investment in Cambodia in the first half of this year stood at 2.92 billion U.S. dollars, 172 percent increase from 1.07 billion U.S. dollars in the same period last year.

From January to June, investment in tourism have jumped to 2.23 billion U.S. dollars, up from just 17.7 million U.S. dollars in the same period a year ago.

The country approved 331 million U.S. dollars investment in garment factory, 192 million U.S. dollars in telecommunication services, 160 million U.S. dollars in agriculture.

The statistics showed domestic investors topped the rank with 1. 23 billion U.S. dollars, followed by China as the second largest investor with 1.1 billion U.S. dollars and Vietnam as the third with 156 million U.S. dollars.

In 2010, Cambodia approved the investment projects worth 2.69 billion U.S. dollars.

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