FDI soars 250% over last year

13 October 2011
The Phnom Penh Post
Economy and commerce / Foreign investors / Industries / Investment / Tourism
banking / construction / Council for the Development of Cambodia / Deputy Prime Minister Sok An / foreign direct investment / International Business Chamber of Cambodia conference / product exports / Real estate / Tourism

Foreign direct investment in the Kingdom soared 250 per cent year-on-year through August even despite the West’s economic woes, Deputy Prime Minister Sok An said yesterday. A total of 87 projects worth US$5.6 billion were approved by the Council for the Development of Cambodia during the first eight months of the year, he said during a speech at the International Business Chamber of Cambodia conference in Phnom Penh. “The economy is still seeing robust growth due to strong foreign direct investment in key sectors,” he said, pointing to construction and tourism, real estate, banking and product exports...

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