A US$15 Million Tire Project in Svay Rieng Province Approved
AKP Phnom Penh, February 19, 2021 --
A US$ 15 million cart tire factory will be built in Qilu Bavet Special Economic Zone, Svay Rieng province, creating 380 jobs for the locals.
The information was shared in a press release of the Council for the Development of Cambodia (CDC) this afternoon following the approval of the investment project by the CDC’s Cambodia Special Economic Zone Board.
The newly approved project is invested by Cart Tire Co., Ltd.
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