The Council for the Development of Cambodia has approved 74 new investment projects in the second quarter of 2023, up 45 percent from the second quarter last year.
A report from the Ministry of Economy and Finance issued on September 25 showed that the total investment capital of approved investment projects was US$760 million, an increase of 63 percent over the second last year.
19 new investment projects of the total approved projects are in the special economic zones, an increase of 72 percent, and a total investment capital of US$260 million, a 72 percent increase over the same period.
There were 55 new investment projects outside the special economic zone, up 37 percent, and a total investment of US$500 million, up 32 percent.
All new investment projects created jobs for some 78,000 people, an increase of 134 percent.
According to the report, the increase in new investment projects was due to investment in the animal husbandry sector, food processing, cassava processing, banana processing, island tourism development, tourism centers, and the expansion of special economic zone projects.
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