New US$79-million Hotel & Commercial Centre Set for Pou Senchey District

The Council for the Development of Cambodia (CDC) has officially approved Continent Crown Investment Management Co., Ltd to invest US$79 million to build a 275-key 4-star hotel and commercial centre in Sangkat Kakab, Pou Senchey district in Phnom Penh.

On the same day, CDC also approved Cambodian Gome Farm Food Co., Ltd to invest US$6.5 million in building a mango processing factory in Voa Sar commune, Samraong Tong district, Kampong Speu.

These two aforementioned investment projects will create over 1178 jobs for Cambodians, according to the CDC.

From the beginning of 2021 to the beginning of June, the CDC has approved at least 45 major projects, including the above projects, with total investment capital of over US$2.2 billion.

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