AKP Phnom Penh, January 18, 2021 --    

Council for the Development of Cambodia (CDC) has approved a new investment project with a total capital of US$7.8 million in Takeo province.

According to the CDC’s press release issued this afternoon, invested by HC Global Textile Co., Ltd., the newly approved project is expected to create a total of 843 jobs for the locals.

Under the project, a garment factory will be built in Roneam commune, Traing district, it pointed out.

Since early this month, CDC has given green light to 4 investment projects, including the above-said project, with a total capital of nearly US$16.5 million, generating over 2,000 job opportunities.

Such investment amid COVID-19 outbreak demonstrates confidence of investors in Cambodia’s macroeconomic, political and social stability though threatened by the pandemic.

By Phal Sophanith