CDC Approves 12 New Projects Worth US$167.9m to Build 5-Star Hotel & New Factories in Six Provinces

CDC Approves 12 New Projects Worth US$167.9m to Build 5-Star Hotel & New Factories in Six Provinces

The Board of Investment of Cambodia, operating under the CDC, has given the green light to a number of companies to establish a five-star hotel in the heart of Phnom Penh and to set up a series of expansive factories across the nation, strategic investments totaling US$167.9 million. This surge in investment is poised to not only invigorate Cambodia’s economy but also create a staggering 22,788 employment opportunities across key provinces including Kampong Speu, Kampong Chhnang, Kandal, Kampong Cham, Pursat, and Phnom Penh.

The CDC’s announcement on 24 August 2023, resonates as a significant milestone in Cambodia’s journey toward economic prosperity. The 12 esteemed companies charting new growth trajectories are as follows:

  1. KHOU TOWER CO., LTD: An awe-inspiring 237-room five-star hotel will grace the corner of Monivong Blvd (93), Street 88, and Street 75 in Sangkat Srah Chak, Khan Daun Penh, Phnom Penh. This visionary venture boasts an investment of approximately US$84.5 million and holds the potential to generate 855 jobs.
  2. RIGHT UNION INTERNATIONAL CO., LTD: The establishment of a dynamic shoe factory in Ta Sen village, Sotip commune, Cheung Prey district, Kampong Cham province, represents an investment worth US$20.5 million. This venture is poised to create 4,870 job opportunities.
  3. NENGLI HARDWARE PLASTIC PRODUCTS CO., LTD: Positioned to enhance Cambodia’s manufacturing sector, this project focuses on the production of consumables using steel and plastic. Located in Santepheap village, Tang Kroch commune, Samrong Tong district, Kampong Speu province, this transformative endeavour has an investment capital of approximately US$10.7 million, capable of creating 4,870 employment positions.
  4. POLESTAR (CAMBODIA) GARMENT CO., LTD: A garment factory poised to make its mark in Pursat province. This enterprise, situated on National Road 5 in Snam Preah village, Snam Preah commune, Bakan district, is set to channel an investment of around US$8 million and generate jobs for 2,591 individuals.
  5. EVERGREAT (CAMBODIA) SHOES CO., LTD: Elevating the shoe manufacturing sector, this venture is set to establish various shoe factories in Kandal province. With an investment of approximately US$6.1 million, this venture promises to create 1,260 employment opportunities.
  6. ARTIVERSE (CAMBODIA) CO., LTD: This garment factory, located in Kong Pisey district, Kampong Speu province, is positioned to invigorate the province’s industrial landscape. With an investment capital of approximately US$5.8 million, it is set to create 2,086 jobs.
  7. AL JAZEELAN FOOD PTE. LTD: An enterprise poised to contribute to Cambodia’s food processing industry, this project situated in Phnom Penh holds an investment of around US$5.6 million and can create 125 job opportunities.
  8. JUN BO SHENG SHOE MATERIAL CO., LTD: Enhancing the shoe industry with precision, this venture situated in Kandal province focuses on shoe accessories. With an investment capital of around US$5.6 million, it is set to create 368 jobs.
  9. SMART PACKAGING (CAMBODIA) CO., LTD: With a mission to strengthen the packaging sector, this cardboard factory project in Kandal province holds an investment of approximately US$5.4 million and promises to create 310 jobs.
  10. KH BEST FAITH MANUFACTURING (CAMBODIA) CO., LTD: A transformative venture, this project, set in Kampong Speu province, focuses on the production of diverse bags. An investment capital of approximately US$5.3 million promises to generate 1,931 jobs.
  11. KUNBO STYLE APPAREL CO., LTD: Positioned in Phnom Penh, this garment factory holds a strategic investment of approximately US$5.2 million, poised to generate 2,041 employment opportunities.
  12. MENATURE OUTDOOR (CAMBODIA) CO., LTD: This project, situated in Kampong Chhnang province, seeks to establish a versatile bag factory. With an investment of approximately US$5.2 million, it is set to create 1,81 jobs.
- Video Advertisement -

Related Post

Samdech Techo Donates Land to Build Dormitories for Poor Female Students

Samdech Techo Donates Land to Build Dormitories for Poor Female Students

  • 5 June 2025

In a significant move to support education and empower women, Samdech Techo Hun Sen announced a generous donation of 2 hectares of land valued at over USD 10 million. This land will be used to construct dormitories for underprivileged female students who have come to Phnom Penh to pursue their studies. This initiative was revealed […]

Cambodia Welcomes 12 New Investment Projects Boosting Industry and Energy Sectors

Cambodia Welcomes 12 New Investment Projects Boosting Industry and Energy Sectors

  • 2 June 2025

Cambodia is set to enhance its economic landscape with the approval of 12 new investment projects, collectively valued at USD155 million, specifically targeting the industry and energy sectors. This significant development was confirmed during a one-stop meeting chaired by His Excellency Chea Vuthy, Secretary-General of the Committee for Investment of Cambodia. These projects are not […]

Chinese Investors Eye Opportunities in Cambodia’s Booming Economy

Chinese Investors Eye Opportunities in Cambodia’s Booming Economy

  • 28 May 2025

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

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

  • 22 May 2025

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

  • 20 May 2025

  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

Investment Surge in Cambodia: 13 New Projects Proposed

  • 13 May 2025

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 […]