Hong Kong Invests US$320 Million in Cambodia in 2016

Last year, Hong Kong invested in Cambodia in 14 projects worth in total US$320 million, and the investment mainly focused on production of cement, clothes, footwear, and bags, and other industries.

The figures were revealed by H.E. Sok Chanda Sophea, Minister Attached to the Prime Minister and Secretary General of the Council for the Development of Cambodia (CDC) during a meeting here early this week with a Hong Kong delegation.

In the meeting, H.E. Sok Chanda Sophea briefed his guests on the Royal Government of Cambodia’s Industrial Development Policy 2015-2025 and the country’s strong economic growth of around 7 percent annually, as well as the good investment environment and potential young labour force.

The Hong Kong delegation, led by Mr. Eric Ma Siu-Cheung, Secretary for development of Hong Kong Special Administration Region, was on a visit in Cambodia to explore investment opportunities in the Kingdom.

The Hong Kong investment in Cambodia from 1994 to 2016 was valued at some US$1.25 billion in 244 projects, or 2.19 percent of the country’s total foreign investment capital.

Source: Agency Kampuchea Press