Council for the Development of Cambodia (CDC) has approved two new investment projects with a total capital of US$6.1 million in Takeo and Kampong Speu provinces.

According to the council’s press release issued this morning, the newly approved projects belong to Sanjin (Cambodia) Knitting Technology Co., Ltd. in Prey Phdao commune, Prey Kabas district, Takeo province, and Hao Tian Make Clothes Assist Material Co., Ltd. in Roka Koh commune, Korng Pisei district, Kampong Speu province.

The first company will invest US$3.8 million for the creation of a garment factory, while the second will inject US$2.3 million for a weaving factory, the CDC pointed out.

The two newly-approved investment projects are expected to create some 1,400 jobs for the locals, added the same source.

Source: Agency Kampuchea Press