Council for the Development of Cambodia (CDC) has approved two new investment projects with a total capital of US$6.7 million in Phnom Penh capital and Kampong Speu province.

According to the council’s press release issued on July 14, one of the newly approved projects belongs to Xin Mei Da (Cambodia) Garment Co., Ltd. and will be situated in Khan Meanchey of Phnom Penh.

The second one was the investment by W.L Wei Lian Garment Co., Ltd. in Samraong Torng district, Kampong Speu province.

The first project will invest US$3.6 million for the creation of a garment factory, while the second will inject US$3.1 million for the same business.

The investment projects are expected to create 2,217 jobs for the locals, added the source.

Source: Agency Kampuchea Press