Nine Investment Projects Worth US$43 million Approved for PP, Kandal, SHV& K. Speu

The Council for the Development of Cambodia (CDC) has given permits to nine private firms to invest in building production factories worth over US$43 million in Phnom Penh, Kandal, Sihanoukville, and Kampong Speu.

According to the announcement on 12 January, there are seven projects approved out of SEZs including:

1. COMO APPAREL CO., LTD establishing a garment factory in Ampil village, Sangkat Kampoul, Khan Kampoul, Phnom Penh with investment capital of US$14.7 million.

2- LEONA (CAMBODIA) CO., LTD establishing a bag and suitcase factory in Keo Udom village, Trapeang Kong commune, Samrong Tong district, Kampong Speu province with investment capital of US$5.8 million.

3- SINCERE SEASON (CAMBODIA) GARMENT CO., LTD establishing a garment factory in Boeung Kaek village, Prek Roka commune, Kandal Steung district, Kandal province with investment capital of US$5.6 million.

4. POWERFUL RICHES GARMENT (CAMBODIA) CO., LTD establishing a garment factory in Phsar Dek Leu village, Phsar Dek commune, Ponhea Leu district, Kandal province with investment capital of US$5 million.

5. GREEN BAG (CAMBODIA) CO., LTD establishing a bag factory in Fong Chros village, Samrong Tong commune, Samrong Tong district, Kampong Speu province, with investment capital of US$5 million.

6. GLOBAL SUPPLY REDWOOD CO., LTD establishing a bag factory in Trach Village, Kaheng Commune, Samrong Tong District, Kampong Speu Province, with investment capital of US$3 million.

7. INKYUNG WONDANG APPAREL CO., LTD establishing a garment factory in Damnak Village, Sangkat Kork Khleang, Khan Sen Sok, Phnom Penh, with investment capital of approximately US$3 million.

Meanwhile, two other projects have been approved for special economic zones (SEZ):

Cambodian Shenghong Packaging Co., Ltd. establishing a cardboard and plastic factory, in the Cambodian Zhejiang Guoji SEZ in Sihanoukville with investment capital of US$680,000.

Best-Run Technology (Cambodia) Co., Ltd. establishing a pet material factory in the Cambodian Zhejiang Guoji SEZ in Sihanoukville with investment of US$500,000.

The combined above nine projects expect to create over 11,000 jobs for Cambodians.

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