The Council for the Development of Cambodia (CDC) has granted investment licences to four private companies.

According to a CDC’s press release issued this afternoon, with a total investment capital of US$31.8 million, the new investment projects will be located in special economic zones in Phnom Penh capital and the provinces of Svay Rieng and Preah Sihanouk.

Covered Bridge Cabinetry Manufacturing Co., Ltd., SDJC Steel and Wire (Cambodia) Products Co., Ltd., Solteam (Cambodia) Co., Ltd., and Wendua Packaging (Cambodia) Co., Ltd. will invest in the manufacturing of furniture; electrical equipment and plastic products; electrical and electronic equipment; and packaging materials, cardboard boxes, wooden boxes, wooden shelves, plastic bags…, respectively, it pointed out.

The four newly-approved projects are expected to create almost 2,500 jobs for the locals, the same source added.

Such investment demonstrates confidence of investors in Cambodia’s macroeconomic, political and social stability as the country is recovering from the COVID-19 pandemic.

Source: Agency Kampuchea Press