Seven Investment Projects Licensed

Prathna On September 30, 2020 - 2:46 pm In Cambodia Insider

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Council for the Development of Cambodia (CDC) has given the green light to seven new investment projects with a total investment capital of more than US$23 million.

According to the council’s press release issued yesterday, the newly approved projects are expected to create some 4,080 jobs for the locals.

The seven projects cover the production of clothes, facemasks, packaging materials, plastic products, artificial leather, lighting bulbs, wires, cardboard boxes, etc.

The projects belong to Global Asia Apparel (Cambodia) Co., Ltd., Sinodex Garment (Cambodia) Co., Ltd., Good Plus (Cambodia) Manufacture Co., Ltd., Biao Xin Sheng Packaging and Printing Co., Ltd., Leadone International Co., Ltd., New Phoenix Development Industry Co., Ltd., and Simple Packing Products Co., Ltd. in Phnom Penh capital city and Svay Rieng province.

Such investment amid COVID-19 outbreak demonstrates confidence of foreign investors in Cambodia’s macroeconomic, political and social stability though threatened by the pandemic.

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Council for the Development of Cambodia (CDC)

CDC Unveils System to Manage Imports Thong Sotha Tuesday 11 February 2020
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Cambodia attracts $4.35 billion in investments in 2021 Thong Sotha Friday 4 March 2022
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CDC approves $2.1-mn investment proposal in Cambodia’s Takhmao town Thong Sotha Wednesday 17 March 2021
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Cambodia’s first 7-Eleven opening next month Thong Sotha Thursday 27 May 2021
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Another new investment project approved by CDC Thong Sotha Friday 15 January 2021
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CDC Grants Investment Licences to Two Other Companies Prathna Monday 17 January 2022
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Seven Investment Projects Licensed

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