Economy

Three More Investment Projects worth Over US$16 Million Approved

The Council for the Development of Cambodia (CDC) has approved three new investment projects with a total capital of US$16.2 million.The new projects belong to Dazhengxuan (Cambodia) Industrial Co., Ltd., Xin Yuan Cheng Factory Co., Ltd., and Xu Wei Ga…

The Council for the Development of Cambodia (CDC) has approved three new investment projects with a total capital of US$16.2 million.

The new projects belong to Dazhengxuan (Cambodia) Industrial Co., Ltd., Xin Yuan Cheng Factory Co., Ltd., and Xu Wei Garment (Cambodia) Co., Ltd., the CDC said in a press release issued this afternoon.

The three companies will invest in the manufacturing of umbrellas, raincoats, curtains, table towels, … shoe accessories, and clothes in Phnom Penn capital and Kandal province, it pointed out.

More than 3,000 jobs are expected to be generated for the locals by the three newly approved projects, the press release added.

Source: Agence Kampuchea Presse