CDC Approves Five More Projects of Over US$50 Million Investment Capital
AKP Phnom Penh, February 05, 2021 --
Five more companies have been granted the investment licenses to invest in Takeo, Kampong Speu, Kampong Chhnang, Kandal, and Svay Rieng provinces.
According to a press release of the Council for the Development of Cambodia (CDC) issued this afternoon, with a total investment capital of US$50.5 million, the newly approved projects are expected to generate some 2,230 jobs.
The five new projects cover the production of furniture, cars’ and machinery’s spare parts, electronic devices, and garments.
Since early this month, CDC has given green light to 10 investment projects, including the above projects, with a total investment of about US$600 million, creating some 6,580 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 C. Nika