European companies contributed less to total foreign direct investment (FDI) in Cambodia in 2011 than in 2012 as Chinese investment rose, Eurocham chairman Dominique Catry said yesterday. 

THIS REPORT IS ENGLISH ONLY – GERMAN here

Phnom Penh PostAccording to data from the Council for Development of Cambodia (CDC), 1.9 per cent of the total registered FDIs came from Europe in 2012, compared with 44.8 per cent from Asian countries.

“We would like to have more diversity, and welcome investments in all sectors, from all countries,” CDC secretary general Sok Chenda said.

The data shows registered European FDI s since 1994 totalled $3.685 billion in 2012.

Catry said EU companies invested $145 million in 2011.

The data shows the biggest EU contributors since 1994 were the UK ($2.4 billion), Russia ($616 million) and France ($302 million), but a potential investment of $2.2 billion from the UK is affiliated with the domestic conglomerate Royal Group, as the Post has reported.

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Author | Sarah Thust

Last Update | 23.01.2013

Licensed | Phnom Penh Post

About the Phnom Penh Post

The Phnom Penh Post claims to be the oldest existing independent newspaper in any language in Cambodia. First published in July 1992, the Post is read by thousands of foreigners and Cambodians throughout the country.