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Cambodia approves projects worth $ 58 million in July

Jul 30, 2021
Cambodia approves projects worth $ 58 million in July

Cambodia

The Council for the Development of Cambodia (CDC) approved final registration certificates for six investment projects worth over $58 million that are expected to generate 8,535 new jobs.

The projects that received the go-ahead are:

Cathaya (Cambodia) Co Ltd’s $2.8 million textile factory located in Sihanoukville Special Economic Zone – in Pou Thoeung village, Bit Traing commune, Prey Nop district, Preah Sihanouk province.

CK Sports Co Ltd’s $5.0 million plant to manufacture sporting goods, in addition to footwear and related accessories in Manhattan (Svay Rieng) Special Economic Zone in Bavet commune, Bavet town, Svay Rieng province.

Hong Cen Max Leather Products Co Ltd’s $2.6 million bags and belt factory in Trapaing Proy village, Bek Chan commune, Ang Snuol district, Kandal province; and Remstex Fashion Co Ltd’s $6.0 million garment factory in Ta Dou village, Roka Krao commune, Donkeo town, Takeo province.

Another firm was Top Form (Cambodia) Manufacturing Co Ltd’s $9.5 million garment factory on National Road 5 north of Phnom Penh in Por Mongkol village, Prek Taten commune, Ponhea Leu district, Kandal.

And New Wide Apparel Co Ltd’s $33.0 million plant to manufacture garments, apparel and face masks south of the capital in Bonna village, Preah Puth commune, Kandal Stung district, Kandal (just east of Chungkang Steel Structure).

The CDC approved 70 projects with a total capital investment of $2.428 billion early this year with 29 investment projects in textiles, garments, footwear and travel products with a capital investment of $194.71 million.

Source: The Phnom Penh Post

Image Source: Google Images

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