CDC Approves Five Investment Projects Worth Over US$1.3 billion

• 26 March 2021
• Local News
• 4368 Views

The Council for the Development of Cambodia (CDC) has officially approved private firms to invest in building five factories, worth a total budget of approximately US$1.3 billion in Phnom Penh, Preah Sihanouk and Svay Rieng provinces.

The first investment permit has been granted to Island Laboratoire Co., Ltd to invest US$6.3 million in building a pharmaceutical factory in Sangkat Bak Kheng, Khan Chroy Changva, Phnom Penh.

The second is Fang Hua Polyurethane Material (Cambodia) Co., Ltd, which will invest US$1 million to build a furniture factory in the Sihanoukville special economic zone.

The third is Herba (Cambodia) Co., Ltd, which will invest US$3.6 million to build an agricultural products processing & packaging factory in the Phnom Penh Special Economic Zone (PPSEZ).

Another investment permit has been granted to Y.T Plastic Co., Ltd with the firm investing US$5.8 million to build a lighting components factory in Shandong Sunshell Svay Rieng special economic zone.

The last permit was granted to Huadian Sihanoukville Power Generation Co., Ltd with the firm investing approximately US$1.2 billion to build a 700-megawatt coal-fired power plant in Stung Hav district of Sihanoukville.

This 700-megawatt coal-fired power plant project actually began the construction even prior to receiving a certificate from the CDC. As of January 2021, this project was about 35% complete. (Read more)

Meanwhile, these five aforementioned investment projects will create over 2,670 jobs for Cambodians, according to CDC.

For 2021, as of late March, CDC has already approved at least 27 major projects, including the above projects with total investment capital of more than US$1.3 billion.

• Projects Development