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Investment in Cambodian tourism reaches $354 mln in half year [-Another cooked up economic number?]

Written By vibykhmer on Monday, August 10, 2009 | 10:50 PM


PHNOM PENH, Aug. 11 (Xinhua) -- The investment in Cambodia's tourism reached to about 354 million U.S. dollars in the first six months of this year and is a leading field that got the most investment, the local media said on Tuesday.

"Council for Development of Cambodia (CDC) approved about 1.22 billion U.S. dollars investment projects totally from private companies and 354 million U.S. dollars of the total is on tourism investment project," the khmer language newspaper Rasmei Kampuchea quoted the document from CDC as saying.

Agricultural field stands second row after tourism with 323 million U.S. dollars and next field is industry with 303 million U.S. dollars.

In total, Cambodia received 53 investment projects for the first half year and tourism field attracted seven projects, while agri-industry has 12 projects, garment industry with 14 projects and three in energy projects.

If we consider on the projects for the first six month of this year, it increases four projects but the investment capital went down about 3.2 billion U.S. dollars compared with the same period of last year, it said, adding that for first six month of last year, Cambodia yielded with 49 investment projects with about 4.43billion U.S. dollar.

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