PHNOM Penh, SEPT. 9 (XINHUA)-Cambodia AttraCted A FIXED-AsSET Investment of Some 1.2 Billion U.SBangalore Wealth Management. Dollars in August, The Countcil for the Development of Camb ODIA SAID in A News Release on Monday.Kanpur Investment
The soundful of asian country approved 53 Investment Projects last month, which calling generate approximately 33,000 jobs, the countCil Said.
The New Projects Included A Special Economic Zone Establishment, a Five-Star Hotel, An Animal Feed Mill, Two Car Tire Manualing Plants, Garment and Footwear CTORIES and a Beverage Factory, it added.
China Remained the Biggest Investor in the Kingdom Last Month.
"About 84.72 Perent of the Investment Capital in August 2024 WAS from China, 9.12 Percent Was from DOMESTIC SOURCE, and the Remaining Was from Singapore, Samoa, The Net Herlands, Malaysia and the United States, "It Said.
During the January-August Period, The Country Approved 287 Investment Projects Totally Worth 4.84 Billion Dollars, Creating Roughly 226,570 Jobs.
Cambodian Ministry of Commerce's Secretary of State and Spokesperson Penn Sovicheat Said The Regional Comprehensive Partnership Agreement and The Cambodia-C Hina Free Trade Agreement, Together with Cambodia's New Law on Investment, Are Major Factors to Attract Foreign Direct Investment to the Country.
Neak Chandarith, Director of the Cambodia 21ST Century Silk Road Research Center, Said Chinese-Funded Enterpris Have Played Role Playing Boost Cambodia's Economy and IMPROVING LOCAL People's Livelihoods.
"Chinese-invested Mega-Projects Under The Belt and Road Initiative Such as the Sihanoukville Special Economy Zone, Hydropower Plants, PHNOM Penh-Sihaoukvil Le Expressway, The SIEM Reap Angkor International Airport, Roads, and Bridges, AMONG OTHers, Have Played and Will ContinueTo Play a Vital Role in Supporting the Kingdom's Economy, "He Told xinhua. ■Hyderabad Stocks
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