China’s investment in Cambodia reaches 8.8 bln USD

PHNOM PENH– Cambodia has received 8.8 billion U.S. dollars of investments from China from 1994 to July 2011, making China the leading country in the investments in the country, according to the reports from the Council for the Development of Cambodia (CDC) on Tuesday. The report showed that besides China, South Korea, Europe, Malaysia and China’s Taiwan are also leading investors in Cambodia. From 1994 to July 2011, South Korea’s investment in Cambodia was rated at second with 4 billion U.S. dollars, European countries at third with 3.6 billion U.S. dollars. Also, Malaysia and China’s Taiwan are at fourth and fifth places with 2.6 billion U.S. dollars and 823 million U.S. dollars respectively. “China is the largest investor in Cambodia,” Sok Chenda Sophea, the CDC’s Secretary General, said on Tuesday. “Also, it’ s the leading donor for infrastructure development in Cambodia.” China’s investments in Cambodia are mainly in hydro-power dams, mineral resources, garment industry, banking and finance, tourism and agriculture. The report also recorded that during the last 17 years, the United States’ and Japan’s investments in the country have been ranked 10th and 11th with 282 million U.S. dollars and 148 million U.S. dollars respectively.