attract investment (EIU Country Profile). Some are willing to invest in power generation. A subsidiary of Hawaiian Electric Industries Inc. will build a 60-megawatt power plant in Phnom Penh, Cambodia, in partnership with a Massachusetts corporation specializing in development projects in Southeast Asia (Honolulu Star Bulletin). The subsidiary, HEI Power Corp., will invest $11.5 million for a 50 percent ownership of the $74 million plant and take the lead in building, operating and maintaining it (Honolulu Star Bulletin). The plant will be powered by naphtha, a byproduct of the petroleum distillation process (Honolulu Star Bulletin).TextilesThe textile industry had been around for years but after trade privileges have been awarded by the US and EU, export in garments rose by 264% in 1996 and by 174% in 1997 (EIU Country Profile). Skilled workforce in the garment industry is available. This could possibly be a promising candidate for investment.ConclusionThere are several factors to take into account when deciding whether to invest in Cambodia. The majority of Cambodias population is young and illiterate. This would rule out in investing in highly technical industries. The investment laws practically invite investors guaranteeing non-discrimination and issuing investment incentives on taxation. Social and cultural clashes can be minimize by proper education and careful interaction. The only difficulty may lie in breaking class distinctions. Transportation and communication is in disarray but will soon attended to because of the recent political stabilization. Investment on new power plants is slowly rising. This is good for power hungry factories. The three growing industries are textiles, tourism, and construction. Textiles looks like the most promising because of the already present skilled workforce.But the most importing factor in investing in this country is political stability. Cambodia has just only recently attain...
