Japanese capital flooding in to Cambodia

[geovalin]

Hor Kimsay

Total Japanese investment in Cambodia under the Kingdom’s qualified investment project (QIP) scheme surged tenfold during the first half of the year, driven by Japan’s improved economy and a hefty capital injection by one of its biggest retail giants.

The Council for Development of Cambodia (CDC) approved a total of seven Japanese investment projects as QIPs during the first six months of the year, with total investment of $259.7 million, compared to just $22.3 million during the same period a year earlier.

Yasuhara Hiroto, head of the Japan Desk at the CDC, said while the number of approved QIPs was similar to last year, total investment soared as the result of Aeon Mall Co Ltd investing in construction of its second mall in Phnom Penh.

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