Three Investment Projects Licensed
Council for the Development of Cambodia (CDC) has given the green light to three new investment projects with a total investment capital of US$12.2 million.
According to the council’s press release issued this morning, the projects newly approved are expected to create some 2,634 jobs for the locals.
The three projects cover the production of cardboard boxes, garment, and all kinds of bags.
The projects belong East Golden Paper Industry (Cambodia) Co., Ltd., Shanda (Cambodia) Textile Co., Ltd., and Charmgo (Cambodia) Co., Ltd., in Phnom Penh capital, and Takeo and Kampong Speu provinces.
Such investment amid COVID-19 outbreak demonstrates confidence of foreign investors in Cambodia’s macroeconomic, political and social stability though threatened by the pandemic. AKP