The Council for the Development of Cambodia (CDC) approved 70 projects with a total capital investment of $2.428 billion in the first half of this year.

This is according to calculations by The Post based on CDC statements issued via social media throughout the January-June period.

The CDC approved 29 investment projects in textiles, garments, footwear and travel products with a capital investment of $194.71 million.

The council also greenlit 12 electrical and bicycle components factories with a capital investment of $116.5 million, as well as four furniture plants with a capital investment of $55.6 million.

Meanwhile, the CDC has approved three major projects in the energy sector, including a 700MW coal-fired power plant project in Sihanoukville Special Economic Zone, in Preah Sihanouk province’s Stung Hav district, with a capital investment of $1.283 billion.

The other two projects were a $17.6 million 20MW solar farm in Monorom commune’s Monorom village in Svay Rieng province’s Svay Tiep district and a $7.8 million solar panel factory in Koh Kong province’s Kirisakor Special Economic Zone.

In addition, the CDC has approved a number of projects in the hospitality sector, including a five-star hotel, as well as a food processing plant and an agricultural processing plant.

Cambodia Chamber of Commerce vice-president Lim Heng noted that the textile, garment, footwear and travel goods sector accounted for the bulk of the value of the newly-approved investments, followed by electrical components and vehicle parts.https://www.phnompenhpost.com/business/24b-new-investments-h1