(Phnom Penh): Sun Chanthol, First Vice Chairman of the Council for the Development of Cambodia (CDC), said Cambodia is simplifying investment procedures to reduce costs, eliminate unnecessary bureaucracy, and create a more business-friendly environment for investors.

Speaking at a press conference on Monday (Jul. 27), Sun Chanthol said the reforms, implemented under the leadership of Prime Minister Hun Manet, are designed to simplify administrative procedures, lower transportation costs, and remove regulatory barriers to strengthen Cambodia's investment climate.

He said the government is committed to making Cambodia an increasingly attractive destination for investment across a wide range of sectors.

Sun Chanthol also highlighted Cambodia's strategic position in the Greater Mekong Subregion, noting that investors based in the Kingdom can access a regional market of around 250 million people, far beyond Cambodia's population of about 17 million.

He underscored that Cambodia must continue strengthening its own competitiveness while working collectively to attract more investment, expand industries, and create new employment opportunities.

According to the CDC, 276 investment projects were approved by the council and the Capital-Provincial Investment Sub-Committees during the first half of 2026, representing a combined investment of approximately USD 4.7 billion and expected to generate around 160,000 jobs.

Of those, 181 projects were approved directly by the CDC, accounting for approximately USD 4.4 billion in investment and more than 120,000 expected jobs.
=FRESH NEWS