Three More Projects worth US$18 Million Approved

The Council for the Development of Cambodia (CDC) has approved three new investment projects with a total capital of US$18 million.

The new projects belong to New Target Footwear (Cambodia) Co., Ltd., Golden Island Garments (Cambodia) Co., Ltd., and Jin Long Quan (Cambodia) Co., Ltd., the CDC said in a press release issued yesterday.

The three companies will invest in the creation of footwear and garment factories, and manufacturing of accessories for clothes, shoes, bags and hats in Takeo and Kandal provinces, it pointed out.

Almost 5,000 jobs are expected to be generated for the locals by the three newly approved projects, the press release added.

Source: Agency Kampuchea Press