CDC Approves US$2.8-million Furniture Factory in Takeo Province

The Council for the Development of Cambodia (CDC) has recently given a permit to a private firm to invest US$2.8 million in building a large-scale furniture factory in Takeo province.

According to the CDC announcement on 20 September, the permit has been granted to Kinway (Cambodia) Intelligent Home Furnishing Manufacturer Co., Ltd, which will establish a furniture factory located on NR2, Khleang Sambath village, Bati District in Takeo Province.

This investment project will help create over 200 jobs for locals.

According to a CDC report, in the first half of 2021, the CDC has approved 87 new investments both new and expansion projects, equivalent to almost US$3 billion, which is an increase of about 10% compared to the same period last year.

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