12월 3, 2018
Data from the Council for the Development of Cambodia (CDC) show that it approved a total of 41 investment projects worth more than $1 billion from September until mid-November.
The approved projects include hotels, garment factories, electrical appliance factories, cosmetics, furniture, beverage, pharmaceutical, plywood manufacturing plants, power plants and agro-industrial crops.
The projects are mostly located in Phnom Penh and Preah Sihanouk, Kandal and Kampong Speu provinces.
Emerging Markets Consulting senior consultant Ngeth Chou welcomed the move.
However, he argued that the government must also set rules regarding the use of local resources to benefit locals.
“It is good that the CDC has approved a lot of investment projects, but the government also needs to require some conditions to make those investments more beneficial to Cambodians,” he said.
Chou cited as an example Chinese-own real estate investment projects in Cambodia that exclusively use imported raw materials and manpower.
“Using local material and human resources is very important because it will help increase income and reduce manpower migration to work abroad,” he said.http://www.phnompenhpost.com/business/kingdom-approves-41-projects-worth-1b