Ambition Trumps Reality in Investment Figures
- 6 February 2013
- The Cambodia Daily
- Agricultural production / Agriculture and fishing / Economic land concessions and plantations / Economy and commerce / Investment / Land / Public land lease
- abandoned projects / AEON Mall / agro-industrial plantations / Airport / annual investment figures / ANZ Royal Bank / Asia Resort Development Ltd / Asian Development Bank (ADB) / Bangkok / Boeng Kak Lake / Bokor Mountain project / Busan Savings Bank / Cambodian economy / Cambodian Investment Board (CIB) / Cambodian firm / casinos / Caymen Islands entity / Chinese aid / Chinese firm / Chroy Changva / construction / developments / Evergreen Success / forced evictions / Garment factories / Golf Courses / Hassan (Cambodia) Development / Heng Development / Hopewell Project / horse racing center / Horse Racing Co. Ltd / horse racing venue / Hotels / hydropower dams / investments / international firms / internet / Investment Projects / island / Israeli company / Japanese aid / Japanese investment / Kampot Province / Kep province / Kirirom National Park / Koh Rong island / Koh Tonsay / Kompong Speu Province / Korean court / Labor Ministry / luxury hotels / mega-projects / New Siem Reap International Airport / Nitrogen Chemicals and Fertilizer (Cambodia) / NSRIA / Peter Brimble / Phnom Penh / polo fields / Preah Sihanouk Province / Queenco Tourism International / Rabbit Island / Rail / real estate project / Ream National Park / resort development / Royal Group / Seoyoung Park / Shukaku Erdos Hongjun Property Development / Sihanoukville / Sihanoukville Special Economic Zone / Sok Kong / Sokimex Corporation / South Korean project / Thailand / tourism investment
Since 2008, a whopping $28 billion worth of investments has been pledged by local and international firms looking to set up luxury hotels, a new airport and even Cambodia’s first horse racing venue. But a closer look at the list of investments approved by the Cambodian Investment Board (CIB)—a figure often trumpeted by officials to demonstrate the health of the Cambodian economy—reveals how many of those investments have either stalled, or stopped completely. … Asian Development Bank senior country economist Peter Brimble said the total investment figures for each year should be treated with caution since they were “purely approvals.” …
http://www.cambodiadaily.com/business/ambition-trumps-reality-in-investment-figures-9387/
