Over US$208 Million Investment Projects Approved

Eight more investment projects worth US$208.5 million have been approved by the Council for the Development of Cambodia (CDC), according to its press release made public on Jan. 17.

The newly-approved projects are expected to generate in total 4,844 jobs for the locals.

The eight investment projects cover the creation of a five-star hotel, a plywood processing factory, two garment factories, a meat processing and packaging factory, a solar panel production and assembly plant, and so on.

These projects belong to eight different companies located in the provinces of Oddar Meanchey, Kandal, Kampong Speu, Battambang and Kampong Thom, and Phnom Penh capital.

Such investments demonstrate 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