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Big Jump for Cambodian Private Sector
According to the latest statistics from the Council for the Development of Cambodia (CDC), from 01 January through 30 June 2005, 58 private invested projects had been approved by CDC with a total amount of 552,534,330 US$, a 241% increase of the project number and more than eleven times of the approved investment volume of the same period of the last year. Of which, 451,218,578US$ origins from foreign investors and 101,315,752US$ from the domestic, that is more than six times and fourteen times of the figures of the same period of 2004 respectively. It shows political stability and improvement of investment environment of Cambodia.
Compared by sectors, fifty projects are of the industrial sector, with a sum of 462,010,439US$, accounts for more than 83% of the approved fixed assets investment; 46,392,025US$ for the tourism sector, stands for over 8%; 36,901,236US$ from the service sector (construction and transportation), beyond 6%; and only 7,230,630US$ goes to agriculture or 1% of the total investment.
