China takes lead in investment in Cambodia in 2008

In Business on February 7, 2009 by viCheth

China took the lead among foreign investors in Cambodia last year with its combined investment capital to the Southeast Asian nation standing at 4.3 billion USD, making up 40.14 percent of the total.
The figure was nearly four times those of the runner-up, the Republic of Korea, with 1.2 billion USD, or 11.39 percent of the total, Xinhua News Agency quoted the 2008 report issued by the Cambodian Investment Board as saying.
The Chinese projects were in a wide range of sectors, including garments, hydropower, agribusiness and bodiless. The largest Chinese investor to Cambodia was Tong Min Group Engineering with 3.8 billion USD for a coastal development project in Kampot province, it added.
In 2007, the Cambodian Investment Board put Malaysia as the foreign investment champion, which was followed by China and the Republic of Korea./.


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