CDC Approves Four Construction Material Factories Worth Us$35 Million

Sample Photo Credit: Doha Cables

The Council for the Development of Cambodia (CDC) has recently given permits to four firms to invest a total of approximately US$35 million to establish their construction material business in Cambodia, which are expected to generate at least 1,600 jobs.

According to a press release from CDC, the four firms are Fashion Houseware (Cambodia) Co., Ltd, Tubao (Cambodia) Decoration Material Co., Ltd, Zhongqi Lihui Cable Co., Ltd, and Wintime (Cambodia) Co., Ltd.

With an investment of US$10 million, Fashion Houseware (Cambodia) Co., Ltd will be located in the Sihanoukville Special Economy Zone (SSEZ) and manufacture interior decoration materials. Also located in the SSEZ, Tubao (Cambodia) Decoration Material Co., Ltd is investing US$1.5 million to build a panel board factory.

Meanwhile, Zhongqi Lihui Cable Co., Ltd is investing US$20.1 million to build an electric wire and cable factory in the UBE Snoul Special Economy Zone in Kratie Province. Meanwhile Wintime (Cambodia) Co., Ltd is a lighting and interior material factory, which will be located in the Manhattan Special Economic Zone in Svay Rieng Province.

Upon completion, the four companies are expected to boost the construction sector in Cambodia by creating a total of more than 1,600 local jobs.

According to the Cambodia Constructors Association (CCA) General Manager Mr Chiv Sivpheng, the demand for construction materials in Cambodia has been rapidly increasing and is also expected to continue expanding over the coming years.

- Video Advertisement -

Related Post

Thai office space vacancy rate rises 26.3%, Yet Thailand’s richest billionaire optimistic about market demand growth

Bangkok’s office vacancy rate in prime Grade A buildings has soared to 26.3%, reflecting a growing oversupply, but Frasers Property Limited, led by Thailand’s wealthiest scion, is betting on the US-China trade feud to drive demand for office and industrial spaces across Southeast Asia, according to bangkokpost on 19 September 2024. With a US$3.6 billion […]

Get Real: Powerful 3D Software Brings The Future of Infrastructure to Life in Just a Few Clicks

 Greg Demchak stood before an enormous LED screen in a dark hotel conference room. With a game controller and a keyboard, he moved his audience through a digital model of Barcelona. The glowing screen showed a bird’s-eye view of the Spanish city’s famed “manzanas,” the octagonal block of buildings designed by the visionary 19th […]

Cambodia Construction Expo 2024 to Showcase Over 2,000 Products and Services on 5-7 December

The Cambodia Construction Expo 2024, a cornerstone event for the nation’s construction industry, is set to take place from 5 to 7 December 2024, promising to be a key driver of industrial growth. Organised by the Cambodia Constructors Association (CCA), the three-day exhibition will feature hundreds of domestic and international companies showcasing over 2,000 products […]

Two Chinese Firms to Expand Investment in Cambodia with New Garment Factories

Fortune Rich Trade Co., Ltd. and Ju Wang Footwear Co., Ltd., two prominent Chinese firms, have announced plans to establish additional garment factories in Cambodia, focusing on producing women’s and children’s clothing for international markets. This significant investment initiative was unveiled during a meeting with PM Hun Manet on 6 November 2024 in Kunming, Yunnan […]

China Construction America Ordered to Pay US$1.6 Billion and Conflict of Political Interests Behind

A New York court has ordered China Construction America Inc. (CCA), a subsidiary of Chinese state-owned China State Construction Engineering, to pay US$1.6 billion to BML Properties, the original owner of the Baha Mar casino resort in the Bahamas, after the contractor was found to have committed “many acts of fraud” during its takeover of […]

Cambodia Constructors Association’s Successful Business Tour at Foshan Trade Conference

The Cambodia Constructors Association (CCA) successfully led a business tour from 18 to 21 October 2024, to the Foshan Building Materials and Sanitary Ware RCEP & Central Asia Fair and Conference in Foshan, Guangdong, China. This event provided an essential platform for Cambodian construction firms to engage with international industry leaders, suppliers, and potential partners, […]