Board Passes Nearly $850M in Investments
The Cambodian Investment Board approved nearly $850 million worth of investment projects between the start of the year and the end of July, data from the Council for the Development of Cambodia (CDC) shows. According to the data, 90 projects worth $845.26 million were approved during the first seven months of the year, up from 72 projects worth $692.16 million approved in the first seven months of 2011. … The CDC data also show that about 75 percent of investment approved through July came from foreign companies. Approved projects were concentrated in the garment, show and rice milling sectors, including five new garment projects and two new rice milling projects approved in July alone.
