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CAMBODIA Investment exceeded $2bn in 2007


February 7, 2008

Investment exceeded $2bn in 2007

Cambodia scored 2.808 billion U.S. dollars of investment in 2007, Cambodian Commerce Minister Cham Prasidh said on Tuesday.

"The number of investment projects in 2007 was more than that in 2006, but the investment volume went lower," he said on the sideline of the United Nations Conference on Trade and Development (UNCTAD).

Mega investment projects were absent in 2007, which led to the decrease of investment volume over 2006, he said, adding that however the government has been making efforts for months to finalize several jumbo projects currently under negotiations.

In 2007, for local investors, average single project had little investment but the total number of such projects was big, he said.

The local investors' focus has diverted from resort and hotel construction to agricultural and industrial projects as a result of the government's ongoing reform policy, he said.

In the past decade, the economic growth of Cambodia has depended on four pillar industries, namely garment, tourism, infrastructure construction and agriculture.

Courtesy Xinhua

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