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Cambodia approves new projects worth $1.9 bn, including 2 garment ones
22 Jan '22
1 min read
Pic: Shutterstock
The Council for the Development of Cambodia (CDC) recently approved 10 projects across various sectors worth nearly $1.90 billion. The projects, expected to create 7,014 jobs, include a $3.9-million garment plant of Mutita Textile Social Enterprise Co Ltd in Battambang town and a $3.1 million apparel factory of Independence Clothing (Cambodia) Co Ltd in the capital’s Por Sen Chey district.
The largest among the projects is Kampot Logistics and Port Co Ltd’s $1.300-billion multi-purpose port with a logistics centre in Kampot province’s Bokor town that is set to generate 590 jobs, Cambodian media reported.
Two others are Haopai Decoration Material (Cambodia)’s $4.2-million factory to manufacture rubber tiles and baseboards, floor mats and rug pads in western Kandal’s Ang Snuol district; and Cambodian Guoxing Yi Qun Lang Plywood’s $3.4-million plywood processing plant in Kampong Thom province’s southernmost district of Baray.
Fibre2Fashion News Desk (DS)
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