Major Investment Initiative: UMAC from Germany and China to Establish Six Factories Worth US$50 Million in Kampong Speu

Exciting news emerges from Kampong Speu province as UMAC, a joint venture between German and Chinese investors, reveals plans to inject a staggering US$50 million into the establishment of six state-of-the-art factories. His Excellency Vy Samnang, the Governor of Kampong Speu Province, took to the official Facebook page on 24th May 2023 to announce this transformative investment endeavor.

A representative from UMAC has confirmed the forthcoming establishment of six factories in Kampong Speu, dedicated to the production of a diverse range of goods, including silicone bags, cosmetics, packaging paper, and dog supplies. This strategic investment from UMAC underscores the region’s growing prominence as an attractive destination for international businesses seeking to expand their operations.

In addition to the economic boost, this landmark investment is set to generate a substantial number of employment opportunities for local workers, with an estimated job creation potential ranging from 6,000 to 10,000 positions. The influx of factories and associated job opportunities not only enhances the livelihoods of the local workforce but also contributes to the overall socio-economic development of Kampong Speu.

UMAC’s decision to invest significantly in Kampong Speu is a testament to the country’s favorable investment climate, strategic location, and robust infrastructure. This joint venture between German and Chinese entities not only showcases the international confidence in Cambodia’s business landscape but also highlights the province’s potential for sustained economic growth.

As Kampong Speu braces itself for the arrival of these cutting-edge factories, the province is poised to witness remarkable progress, driving economic diversification, job creation, and enhanced industrial capabilities. This landmark investment sets the stage for a bright future, solidifying Kampong Speu’s position as a thriving hub of innovation and economic opportunity.

- Video Advertisement -

Related Post

Chinese Investors Eye Opportunities in Cambodia’s Booming Economy

In a significant move to strengthen economic ties, approximately 40 Chinese companies convened with representatives from the Cambodian Chamber of Commerce to explore promising investment opportunities across various sectors in Cambodia. The meeting was spearheaded by Oknha Banthi Vinh Hour, Vice President of the Cambodian Chamber of Commerce, and Ji Lin, President of the China […]

Japan Plans to Establish Rural Special Economic Zones to Boost Cambodian Agriculture

In a significant move to enhance Cambodia’s agricultural sector, the Japan Development Institute Ltd. (JDI) has unveiled plans to establish rural special economic zones in the country. This initiative was highlighted during a meeting on May 19, 2025, between Mr. Heng Ratana, CEO of the Cambodian Mine Action Centre (CMAC), and Dr. Shoichi Kobayashi, an […]

Kampong Speu Province Welcomes New Cement Giant: Factory Inaugurated with Investment Over USD250 Million

  Kampong Speu Province is set to bolster its industrial landscape with the recent inauguration of a large-scale cement factory, officially opened on May 20, 2025, under the leadership of Prime Minister Hun Manet. The factory, located in Oral District, represents a significant investment of over USD 250 million by Conch KT Cement Company, marking […]

Investment Surge in Cambodia: 13 New Projects Proposed

In a promising development for Cambodia’s economy, a group of investors has submitted applications for 13 qualified investment projects, boasting a combined capital of USD 318 million. The Council for the Development of Cambodia has commenced a thorough evaluation of these proposals, signaling a potential boost to the nation’s industrial landscape. During a meeting held […]

Cambodia Sees Surge in Investment: 231 New Projects Worth USD 3.4 Billion Approved in Early 2025

In an encouraging start to 2025, Cambodia has demonstrated robust economic growth, with the Council for the Development of Cambodia approving 231 new investment projects in the first four months, totaling an impressive USD 3.4 billion. This marks a significant increase of 34% in investment capital compared to the same period last year. The latest […]

Taiwanese Tech Giant ADATA Expresses Interest in Investing in Cambodia’s Technology Sector

In a significant development for Cambodia’s tech landscape, ADATA Technology Co., Ltd., a leading Taiwanese technology company, has officially expressed its interest in investing in the country’s advanced technology sector. This announcement came during a meeting between Cambodian Prime Minister Hun Manet and ADATA Chairman CHEN Simon held on April 30, 2025. During their discussion, […]