CDC Approves Two Investment Projects Worth Nearly US$12 Million

• 26 February 2021
• Local News
• 3337 Views

The Council for the Development of Cambodia (CDC) has officially approved private firms to invest in building two factories worth nearly US$11,8 million in Kampong Speu and Koh Kong provinces.

The first investment permit has been granted to Ocean Apparel Manufacturing Co., Ltd, with the firm investing US$4 million to build a garment factory in Kampong Speu.

Meanwhile, the second firm is Glamor Glass Co., Ltd, which will invest US$7.8 million to build a solar power plant in Kiri Sakor special economic zone of Koh Kong province.

According to the CDC, both investment projects will create more than 2,400 jobs for Cambodians.

In just 26 days in February, the CDC has already approved at least 14 major projects including these two, with a total investment of approximately US$700 million. (Read more and more)

Moreover, over the course of 2020, the CDC approved a total of 238 investment projects, or equivalent to an investment value of US$8 billion. (Read more)

• Projects Development
• Energy and Environment