Cambodia approves $10 mn investment projects, creating 2.9K jobs

25 Apr '23

1 min read

Pic: Shutterstock/Egor Bychkov

Insights

The Council for the Development of Cambodia has approved two new investment projects worth over $10 million.
The projects include a garment factory and a packaging factory, creating over 2,900 jobs.
The Cambodian Investment Board issued investment certificates to Fitly Apparel Co, Ltd and WH Packaging Co, Ltd to set up factories in Phnom Penh and Kandal.

Two new investment projects worth over $10 million have been approved by the Council for the Development of Cambodia (CDC). The investment projects involve establishing a garment factory and a packaging factory, creating over 2,900 jobs.

In a Facebook post, the CDC stated that the Cambodian Investment Board (CIB) has decided to issue investment project registration certificates to Fitly Apparel Co, Ltd and WH Packaging Co, Ltd in response to their investment requests.

The Fitly Apparel Co, Ltd project aims to establish a garment factory in the Khan Por Senchey district, Phnom Penh. With an investment capital of approximately $5.3 million, the project will generate 1,891 jobs.

The WH Packaging Co, Ltd project plans to establish a packaging factory in Kampoul district, Kandal province. The project will require an investment capital of approximately $5.1 million and provide 1,076 employment opportunities.

Fibre2Fashion News Desk (NB)

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