CDC Grants Investment Licences to Three New Projects

Three new projects with a total capital of US$15.1 million have been approved by the Council for the Development of Cambodia (CDC).

According to the CDC's press release issued yesterday, the three projects belong to Mountain Forest Product Co., Ltd, Kingmall Industrial (Cambodia) Co., Ltd, and Cambodian Birchever Furniture Co., Ltd.

To be located in Preah Sihanouk province, two of the projects are furniture and decorative material manufacturers, and another is manufacturer of doors, windows and aluminium products.

The three newly approved projects are expected to create some 375 jobs for the locals.

Source: Agency Kampuchea Press