PHNOM PENH, July 21 (Xinhua) -- The Council for the Development of Cambodia (CDC) on Thursday reported that the domestic and foreign investments in Cambodia in the first half of this year have mounted to 2.92 billion U.S. dollars, 172 percent increase from 1.07 billion U.S. dollars in the same period a year ago.
From January to June this year, investments in tourism have jumped to 2.23 billion U.S. dollars, up from just 17.7 million U.S. dollars in the same period a year ago.
Besides tourism, the country approved 331 million U.S. dollars in garment factory investments, 192 million U.S. dollars in telecommunication services, 160 million U.S. dollars in agriculture.
The statistics showed domestic investors rated number one with 1.23 billion U.S. dollars, following by China at the second largest investor with 1.1 billion U.S. dollars and Vietnam at the third with 156 million U.S. dollars.
Minister of Tourism Thong Khon attributed the huge rise in tourism investments to the country’s richness in historical, cultural and natural tourism sites.
“Cambodia’s tourism sector has huge potentials and has a lot of room to grow, especially the 440-kilometer coastal area, which was just included as the member of the Club of World’s Most Beautiful Bays in May,” he said.
In 2010, Cambodia approved the investment projects worth 2.69 billion U.S. dollars.
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