{"id":10916,"date":"2021-02-05T15:24:54","date_gmt":"2021-02-05T08:24:54","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=10916"},"modified":"2021-06-04T15:59:13","modified_gmt":"2021-06-04T08:59:13","slug":"chinese-investment-in-cambodia-reach-860-million-in-first-11-months-of-2020","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/chinese-investment-in-cambodia-reach-860-million-in-first-11-months-of-2020\/","title":{"rendered":"Chinese investment in Cambodia reach $860 million in first 11 months of 2020"},"content":{"rendered":"<p><span data-contrast=\"none\">The kingdom is optimistic about further international investments, especially through the recent trade agreements <\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<figure id=\"attachment_10924\" aria-describedby=\"caption-attachment-10924\" style=\"width: 1000px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"size-full wp-image-10924\" src=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/02\/shutterstock_1387879127.jpg\" alt=\"\" width=\"1000\" height=\"667\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/02\/shutterstock_1387879127.jpg 400w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/02\/shutterstock_1387879127.jpg 600w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/02\/shutterstock_1387879127.jpg 620w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/02\/shutterstock_1387879127.jpg 190w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/02\/shutterstock_1387879127.jpg 1000w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-10924\" class=\"wp-caption-text\">Shoreline transformed into a massive construction site of high rise buildings in Sihanoukville, Cambodia. ClaudineVanMassenhove\/Shutterstock<\/figcaption><\/figure>\n<p><span data-contrast=\"none\">According to the Chinese embassy in Phnom Penh,\u00a0<\/span><span data-contrast=\"none\">Chinese foreign direct investment in Cambodia hits USD860 million in the first 11 months of 2020, an increase of 70 percent from the same\u00a0<\/span><span data-contrast=\"none\">duration back in 2019,\u00a0<\/span><span data-contrast=\"none\">reported\u00a0<\/span><a href=\"https:\/\/www.thestar.com.my\/aseanplus\/aseanplus-news\/2021\/01\/05\/cambodia-china-fdi-hits-us860m-in-first-11-months-of-2020\" target=\"_blank\" rel=\"noopener noreferrer\"><span data-contrast=\"none\">The Star<\/span><\/a><span data-contrast=\"none\">.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">The embassy stated that major Chinese investment projects in Cambodia cont<\/span><span data-contrast=\"none\">inued to proceed, despite the impact of the pandemic.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">The prime<\/span><span data-contrast=\"none\">\u00a0and most costly<\/span><span data-contrast=\"none\">\u00a0project listed by the embassy, the construction of the 190<\/span><span data-contrast=\"none\">\u00a0<\/span><span data-contrast=\"none\">kilometre<\/span><span data-contrast=\"none\">\u00a0<\/span><span data-contrast=\"none\">Phnom Penh-Sihanoukville Expressway,\u00a0<\/span><span data-contrast=\"none\">is approximately 39 percent completed.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">The expressway is backed by China Road and Bridge Corp (CRBC), with USD1.9 billion\u00a0<\/span><span data-contrast=\"none\">in funding, and is booked to complete in early 2023. <\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">According to the ministry, most of the overseas capital was directed to construction, garments, electric and electronic components, and agriculture. Meanwhile, the new Siem Reap International Airport, with its recent<\/span><span data-contrast=\"none\">\u00a0terminal building damage, will cost Angkor International Airport Investment (Cambodia) Co Ltd (AIAI) almost<\/span><span data-contrast=\"none\">\u00a0USD900 million.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Chiv\u00a0<\/span><span data-contrast=\"none\">Sivpheng<\/span><span data-contrast=\"none\">, general manager at Cambodia Constructors Association, mentioned that the number of Chinese\u00a0<\/span><span data-contrast=\"none\">companies investing in Cambodia has gradually increased, driving the construction secto<\/span><span data-contrast=\"none\">r and economic growth.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">\u201cChinese investment in the construction sector has been on the rise, especially in large-scale building construction projects,\u201d he added. <\/span><span data-contrast=\"none\">\u201cI hope that after COVID-19 ends, more Chinese will come and invest in Cambodia.\u201d\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Lim Heng, vice-president at the Cambodia Chamber of Commerce, said that the country\u2019s political stability, peace, and seven percent average annual economic growth have\u00a0<\/span><span data-contrast=\"none\">drawn in<\/span><span data-contrast=\"none\">\u00a0<\/span><span data-contrast=\"none\">foreign investors.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/www.asiapropertyawards.com\/en\/overseas-investors-chase-retail-properties-in-hong-kongs-housing-estates\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>More: Overseas investors chase retail properties in Hong Kong\u2019s housing estates<\/strong><\/a><\/p>\n<p><span data-contrast=\"none\">Heng expressed optimism in further<\/span><span data-contrast=\"none\">\u00a0overseas capital<\/span><span data-contrast=\"none\">, particularly with the recent signing of the Cambodia-China Bilateral Free Trade Agreement (CCFTA) and the Regional Comprehensive Economic Partnership (RCEP).<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">\u201cIn recent years, Chinese investors have increased investment in the construction, garment, electric and electronic components, and <\/span><span data-contrast=\"none\">agro<\/span><span data-contrast=\"none\">-industries, and I believe there will be further growth through the trade agreements,\u201d Heng concluded.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The kingdom is optimistic about further international investments, especially through the recent trade agreements \u00a0<\/p>\n","protected":false},"author":12,"featured_media":20987,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92,1],"tags":[177,137,1080,955],"class_list":["post-10916","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-property-report","tag-cambodia","tag-china","tag-economic-growth","tag-foreign-investments","news_country-cambodia","news_country-china","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Chinese investment in Cambodia reach $860 million in first 11 months of 2020 | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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