Four Companies Granted Investment Licenses
AKP Phnom Penh, February 01, 2021 --
The Council for the Development of Cambodia (CDC) has issued investment certificates to Taperite Plastic Co., Ltd., Xin Yunfeng (Cambodia) Fashion Co., Ltd., Unicorn Footwear Co., Ltd., and Laurence Footwear Co., Ltd, to invest in the production of all kinds of adhesive tape, garment, and footwear.
The four new projects, with a total investment capital of US$ 16.2 million, will be located in Phnom Penh capital and Kampong Speu province, pointed out the CDC in an announcement issued last weekend.
The newly-approved projects are expected to create some 3,862 jobs for the locals, it added.
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