CDC approves US$12 million investment in three construction material factories

The Cambodian government, through the Council for the Development of Cambodia (CDC), has recently given permits to three firms to invest a total of US$12 million in establishing three construction material factories in Phnom Penh, Sihanoukville and Takeo.

The first project is an investment of about US$ 2.5 million by Ningo Bainian (Cambodia) Electric Appliance Co., Ltd to build an electrical equipment factory in Por Sen Chey district, Phnom Penh.

The second project is an investment of US$6.2 million by Shanxi Hexin (Cambodia) Metal Technology Co., Ltd to construct a lightweight brick-and-mortar factory in Prey Nup district of Preah Sihanouk Province.

Meanwhile, the third project is a light fixture assembly factory in Takeo province, which is an investment of US$3.4 million by Litkconn Technology (Cambodia) Co., Ltd.

According to the CDC, the three projects will help create at least 1,300 jobs for local people.

The Council for the Development of Cambodia (CDC) has so far approved hundreds of projects worth billions of dollars. The most recent one was the approval of three firms to invest a total of US$662 million in establishing a hospital, a shopping mall, and a multipurpose resort. (Read more)

- Video Advertisement -

Related Post

East Group Announces Plans for Special Economic Zone in Preah Sihanouk Province

Investors from East Group have unveiled their ambitious plans to establish a special economic zone in Preah Sihanouk Province, marking a significant move aimed at boosting local economic development. In a working meeting with HE Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia, East Group representatives […]

Cambodia to Construct New Kok Thlak Stadium in Kandal Province

The Football Federation of Cambodia (FFC) has announced an ambitious plan to construct a new stadium, the Kok Thlak Stadium, along with its headquarters in Kandal Province. The project, which has an estimated cost of USD 4.4 million, underscores the federation’s commitment to enhancing the country’s football infrastructure. In a press release dated March 2, […]

K-Water Eyes Investment in Cambodia’s Water Resource Management

The Korean Water Corporation (K-water) is actively pursuing investment opportunities in Cambodia’s water resource management sector. During a recent meeting with Prime Minister Hun Manet, K-water CEO His Excellency Yun Seogdae emphasized the company’s commitment to collaborating with Cambodian ministries and institutions. The meeting highlighted the need for cooperation to strengthen Cambodia’s water management systems. […]

China has invested nearly USD 300 million to build a glove factory in Svay Rieng Province

Nex Healthcare Co., Ltd., a world-class Chinese company, has invested approximately USD 273 million to officially open a factory for the production of gloves (PVC and rubber) and medical equipment in the Qilu Special Economic Zone, Svay Rieng Province, on March 2, 2025. During the groundbreaking ceremony for the factory, His Excellency Chea Vuthy, Secretary […]

KENPAX Announces Major Investment in Kampot Province with New Medical Equipment Factory

  In a significant boost for local employment, Chinese company KENPAX has revealed plans to establish a large medical equipment factory in the Kampot province, with construction set to commence in mid-March 2025. This initiative is projected to create approximately 3,000 jobs, offering a promising opportunity for residents. The announcement was made during a meeting […]

Chinese Firm ICAP Announces Major Investment Plans in Cambodia’s Electric Vehicle Sector

In a significant development for Cambodia’s automotive industry, China’s Infinite Capital Holding Company (ICAP) has unveiled ambitions to invest in the manufacture of electric vehicle components in the country. The announcement was made during a meeting on 17 February 2025 between Prime Minister Hun Manet and ICAP’s Chairman and CEO, Zhang Chaomin. During this pivotal […]