CDC Approves Over US$400 Million Worth Investment Projects

Council for the Development of Cambodia (CDC) has approved over US$400 million investment projects of eight private companies.

The update has been shared recently by the council's press release, adding that the projects are expected to generate more than 5,300 jobs for the locals.

The approved investment projects take forms of agro-industrial farms (rubber farms), high-class hotels along with trade centre and resort, plastic products manufacturing plant, package manufacturing factory, and cosmetic and bottle processing plant.

The licensed firms include Kiri Aphivath located in Rattanakiri province, Cambodian Packaging Chakrey Ting in Kampot province, Try Pheap Import Export in Preah Vihear province, Huayu Xinpeng Plastic (Cambodia) and Ming Fai Enterprise (Cambodia) in Kampong Speu province, and Qin Yue Garden Hotel, Prince Huan Yu Real Estate and Xin Hao Hui Entertainment in Preah Sihanouk province.

Source: Agency Kampuchea Press