A European delegation meets with the Council for the Development of Cambodia (CDC) on February 5. CDC
A delegation from nine European countries has expressed serious interest in Cambodia’s investment potential.
During a meeting with the leadership of the Council for the Development of Cambodia (CDC), they shared their intention to suggest that their investors consider exploring commercial opportunities in the Kingdom.
Sun Chanthol, first vice-president of the CDC, met with the honorary consuls of Cyprus, Italy, Sweden, Austria, Belgium, Denmark, Norway, Spain and the UK on February 5 at the council’s headquarters.
He briefed his guests about Cambodia's rapid development and economic growth since achieving complete peace.
He explained that the government has implemented many effective measures and achieved continuous successes, especially in attracting several investment projects, including foreign direct investment (FDI), adding that in 2024, a total of 414 investment projects were approved, and in January 2025, 68 projects had already been approved.
“These figures are a clear testament to the effectiveness of the investment laws and policies implemented by the government in supporting investment activities in Cambodia, reflecting the government's strong commitment to the private sector, which is seen as a key driver of national economic growth,” he said.
He explained that in order to strengthen the relationship between the government and the private sector, every six months the CDC organises discussions with various business associations, including Japan, the American Chamber of Commerce, the European Chamber of Commerce and the Korean Business Association.
These discussions include the participation of representatives from relevant ministries, institutions and the private sectors of each country.
Additionally, the Cambodian government has placed a significant focus on developing roadways, waterways, airways and railways infrastructure, which are key elements for enhancing the efficiency and outcomes of private-sector trade and investment. Furthermore, the CDC has been working on digital transformation plans to improve the ease of doing business and build investor confidence.
According to the CDC, in 2024, the council set a new annual record by approving a total of 414 investment projects. This included 387 new projects and 27 expansions, with a total investment capital of $6.9 billion. They are expected to create nearly 320,000 jobs.
The number of approved projects surpassed the 2023 total by 146, while investment capital rose by nearly $2 billion, or almost 40%.
