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Cambodia's CDC clears 4 investment projects worth $17.2 mn

13
Jan '20
Pic: Shutterstock
Pic: Shutterstock
The Council for the Development of Cambodia (CDC) recently announced approving four investment projects worth around $17.2 million. These are expected to create 1,490 jobs. Ministry of commerce spokesman Pen Sovicheat said his office had seen an increase in requests to set up new companies in the country, while foreign investment was growing gradually.

Sun Awesome Garment Co Ltd will set up a garment and laundry facility in Kampong Cham’s Prey Chhor district, with an investment of $6.9 million, employing 610 people, according to a report in a Cambodian English-language daily.

Famous Leatherware (Cambodia) Co Ltd will establish a handbag manufacturing factory in Phnom Penh’s Meanchey district through $5.3 million in capital investment, resulting in 314 jobs.

Xin Hak Muy Make Clothes Assist Material Co Ltd will set up a facility employing 232 workers for manufacturing thread, yarn and elastic bands, with $2.5 million in capital investment in Phnom Penh’s Dangkor district.

Kimbao Bag Industry Co Ltd plans to build a plastic bag factory in Kandal province’s Ang Snoul district, with $2.5 million of capital investment. It will create 334 jobs.

Fibre2Fashion News Desk (DS)


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