China tops Cambodia's largest investor
(Xinhua)
Updated: 2005-02-15 15:38

China was on the top of Cambodia's foreign investment countries in 2004, according to the figures of the Center for the Development of Cambodia (CDC).

The CDC figures, quoted by Cambodia Sin Chew Daily Monday, showed that the agency approved 55 projects worth US$217 million in fixed assets in 2004, 8 more than 2003.

China registered 19 investment projects, worth US$80.4 million, up 144 percent over 2003 and accounting for 37.06 percent of the total registered projects in fixed assets in CDC.

About 15 projects were in garment sector, worth US$35.10 million.

The second was Malaysia with 23.27 million dollars and China's Taiwan ranked the third with US$13.69 million in fixed assets.

Chea Vuthy, director of the CDC's Information Department, said that China, as the largest investment country last year, mainly invested in garment sector, tourism, tobacco and food processing.

The CDC statistics also showed that industry is still the largest investment sector with the investment accounting for about 52 percent of the total. The investment mainly goes to garment and energy projects, tourism and services sectors.

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