More Than $112M Worth of New Investment Projects Approved in October

More Than $112M Worth of New Investment Projects Approved in October

In October alone, the Council for the Development of Cambodia approved 12 investment projects worth $112 million, according to the Council for the Development of Cambodia.

The Investment Committee of Cambodia of the Council for the Development of Cambodia approved another new project to establish a factory to produce all kinds of suitcases and wheelchairs for ADVANT TRAVEL GOODS (CAMBODIA) CO., LTD. The factory is to be located in Sla village, Vallisor commune, Samrong Tong district, Kampong Speu province with an investment capital of $4.3 million and which can create 397 jobs.

The Council for the Development of Cambodia has approved a series of new investment projects, despite being plagued by the Covid-19 pandemic. This proves that the Covid-19 crisis did not seriously disrupt investments inflow into new development projects by national and international investors in Cambodia.

From January to September, the Council for the Development of Cambodia approved a total of 134 investment projects with a total investment capital of $3.3 billion. This project can create 85,572 jobs for the people.

The investment project focuses on sectors such as factories, industry, agriculture, agro-industry, tourism and infrastructure.