Two Investment Projects Licensed
AKP Phnom Penh, May 19, 2020 --
Council for the Development of Cambodia (CDC) has given the green light to two new investment projects with a total investment capital of US$4.9 million.
According to the council's press release issued yesterday, the projects newly approved are expected to create some 842 jobs for the locals.
The two projects cover the production of decoration materials for automobiles, and garment.
The projects belong to Rainbow Sunwood Manufacturing Co., Ltd. and Lucky Unique Enterprise Co., Ltd. and in Preah Sihanouk and Kandal provinces.
Such investment amid COVID-19 outbreak demonstrates confidence of foreign investors in Cambodia’s macroeconomic, political and social stability though threatened by the pandemic.
By Phal Sophanith