[PHNOM PENH POST]
MINISTER of Tourism Thong Khon yesterday highlighted the large
dollar-value of approved tourism projects in the first half of 2011 as
reason for optimism for the sector’s future.
Claiming Cambodia
could eventually see up to 40 percent of its total GDP from tourism, he
said the sector stands to benefit from increased emphasis placed on
sites outside of Angkor Wat.
“Recently, we see that tourism
investors are interested in the coastal areas and islands because it’s
becoming the second largest destination for tourism after the sites at
Angkor Wat,” he said.
The CDC approved a third large tourism
project worth US$50 million, joining two previous tourism-related
projects receiving approval worth $2.188 billion, its statistics show.
Officials declined to reveal the projects’ details yesterday.
The
three tourism projects together represent the vast majority of the 57
total projects worth $2.923 billion in the first six months of the year,
nearly triple the $1.078 billion worth of projects approved in the same
period 2010. However, the CDC figures represent approved investment
only, and do not necessarily translate into actual investment.
Some
45 projects in the industrial sector, including garment factories, were
approved in the first half, worth $331 million, compared to 34 projects
in the sector worth $732 million approved last year.
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