Aa |   aA
"Thai Deputy Defense Minister Condemns Cambodia Over Landmine Incident Injuring Thai Soldiers; Keo Remy, however, warned, 'Please do not walk like a crab.'" | BREAKING: Tensions Escalate: Thai Troops Prepare to Launch Unauthorized Attack on Cambodian Territory Amid Internal Political Strife | Cambodia Rebuts Thailand’s Baseless Landmine Allegations and Urges Diplomacy to Maintain Regional Peace | Cambodia Accuses Thailand of Using Landmine Incidents as a Political Tool and Violating Ceasefire Agreements | Breaking: Kandal Provincial Police Arrest Notorious Lotion Manufacturer Love Riya | Cambodia Clarifies Misleading Claims About Ottawa Convention Meeting in Bangkok | Cambodia, China, and Thailand Discuss Regional Cooperation and Border Disputes at Mekong-Lancang Meeting | Smile Asia Philanthropic Visionary Award” Presented to Dr. Pich Chanmony Hun Manet | Cambodia & Thailand Call for Restraint and Adherence to International Agreements | International Observer Team Conducts Monitoring Visit Following Cambodia–Thailand Ceasefire Agreement | Cambodia, Vietnam Strengthen Ties in High‑Level Video Conference; Aim for $20B Trade |

CDC Approves Two Factory Projects of Almost US$8 Million

  • Posted Feb 28, 2022 11:34 by Anthony Ellis
  • 3170
  Aa |   aA

INTERNATIONAL: Council for the Development of Cambodia (CDC) this week approved two new investment projects with a total capital of US$7.6 million in Phnom Penh capital and Kampong Speu province.

According to the council’s press release issued yesterday, the newly approved projects belong to Xing Kai Sen Garment Co., Ltd., in Sangkat Kambol, Khan Kambol, Phnom Penh and Xin Jiale International (Cambodia) Co., Ltd., in Pichmony commune, Korng Pisei district, Kampong Speu province.

The first company will invest US$2.2 million for a garment factory, while the second will inject US$5.4 million for a bag factory, the CDC pointed out.

The two newly-approved investment projects are expected to create a total of 1,827 jobs for the locals, added the same source.

Such investment demonstrates the confidence of investors in Cambodia’s macroeconomic, political and social stability as the country is recovering from the COVID-19 pandemic.

Related News