Cambodia Approves Record Investments in 2024, Boosting Economic Confidence
Investment projects surge under new leadership, signaling brighter prospects for the Kingdom's economy.
The Cambodia Development Council (CDC) approved 414 investment projects in 2024, totaling nearly $7 billion—a 40 percent increase over 2023. Prime Minister Hun Manet shared the news after chairing his first CDC meeting on December 20, highlighting a 54 percent rise in projects compared to the previous year.
Economists attribute the surge to Cambodia's political stability, improved infrastructure, and enhanced legal framework. Key investments include advanced technology factories and diverse sectors like agriculture and automobile assembly. Newly launched digital tools, like the CDCIPM platform, simplify investment applications, bolstering investor confidence.
With GDP growth projected at 6.3 percent in 2025 and GDP per capita nearing $3,000, experts predict continued economic growth, provided Cambodia addresses key challenges like energy costs to remain competitive.
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### Broadcast Summary
Cambodia approved a record 414 investment projects in 2024, totaling almost $7 billion—an increase of $2 billion from last year. Prime Minister Hun Manet announced the news after his first meeting as CDC chairman.
Economists credit the growth to Cambodia’s political stability, infrastructure improvements, and investor-friendly policies. Major projects include factories for electronics, agriculture, and auto assembly. A new digital system also streamlines investment processes.
With GDP forecast to grow by 6.3 percent next year, experts highlight reducing energy costs as key to attracting even more investment.
Economists attribute the surge to Cambodia's political stability, improved infrastructure, and enhanced legal framework. Key investments include advanced technology factories and diverse sectors like agriculture and automobile assembly. Newly launched digital tools, like the CDCIPM platform, simplify investment applications, bolstering investor confidence.
With GDP growth projected at 6.3 percent in 2025 and GDP per capita nearing $3,000, experts predict continued economic growth, provided Cambodia addresses key challenges like energy costs to remain competitive.
---
### Broadcast Summary
Cambodia approved a record 414 investment projects in 2024, totaling almost $7 billion—an increase of $2 billion from last year. Prime Minister Hun Manet announced the news after his first meeting as CDC chairman.
Economists credit the growth to Cambodia’s political stability, infrastructure improvements, and investor-friendly policies. Major projects include factories for electronics, agriculture, and auto assembly. A new digital system also streamlines investment processes.
With GDP forecast to grow by 6.3 percent next year, experts highlight reducing energy costs as key to attracting even more investment.
