Seven Investment Projects Licensed

Seven Investment Projects Licensed

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.