CDC approved US$36 million construction material investment in Sihanoukville

The Council for the Development of Cambodia (CDC) on July 29 approved six construction material investment projects in Sihanoukville with totaling investment value of more than US$36 million.

Located mainly in the Sihanoukville Special Economic Zone (SSEZ), the total six projects expected to generate 1,838 jobs using an investment capital of US$36.2 million.

TB Flooring (Cambodia) Co.,Ltd, was allowed to build its coast wood factory using US$15 million investment capital and create about 403 jobs.

Ecotrend (Cambodia) New Building Materials Development Co.,Ltd, was given license to build a factory producing building structure and construction material using US$6 million investment while the factory alone can create 50 jobs.

Cambodia Golden Coast Wood Products Co.,Ltd was permitted for its factory producing closet, coast wood, and furniture with an investment of US$5.5 million while adding 565 jobs to the area.

Pu Er Te Cabinet (Cambodia) Co.,Ltd was permitted for its closet factory using an investment capital of up to US$4.5 million and able to create up to 438 jobs.

JianZhongRui Electronics Technology (Cambodia) Co.,Ltd was also permitted to construct its US$4 million electronic supply factory which is able to create 67 jobs.

Zhejiang Hainix Sofa Co.,Ltd was as well given license to open its furniture factory using an investment of up to US$1.2 million with a promise to create 315 jobs.

- Video Advertisement -

Related Post

Despite New Loan Not Yet Approved, Chinese Investment Dominates Cambodia’s FDI

Cambodia continues attracting substantial Chinese foreign direct investment, maintaining a 47% share of total FDI as of Q2 2024 despite recording no new Chinese government loans in Q3 2024. This sustained dominance in foreign investment follows a consistent pattern, where Chinese FDI has maintained majority control ranging from 48% to 56% since 2020, according to […]

Cambodia’s Real Estate Market Faces Mixed Signals Amid Regional Benchmarks

Cambodia’s commercial real estate market reveals significant challenges with office occupancy rates at 65.1%, well below the international benchmark of 85-90%, while maintaining premium rents at $27 per square meter, according to the “Fearless Forecast” report presented by CBRE Cambodia Chairman Marc Townsend at Novotel Phnom Penh BKK1 on 14 January 2025. The retail sector […]

Cambodia Poised for Economic Windfall as U.S. Trade Policy Shifts from Vietnam

Cambodia stands to emerge as a major beneficiary of potential U.S. trade policy shifts, with experts predicting significant manufacturing opportunities if Donald Trump returns to office, particularly as Vietnam faces possible trade tariffs similar to those previously imposed on China, according to 2025 Fearless Forecast shared at a Real Estate Forum in Novotel Phnom Penh […]

Asia Pacific Real Estate Forecast 2025: Navigating Challenges with Resilience & Opportunity

The Asia Pacific real estate market is poised for steady growth in 2025, buoyed by easing global interest rates and projected regional GDP growth of 4.4%, despite persistent challenges such as China’s ongoing property market struggles and geopolitical tensions. the International Monetary Fund (IMF) and World Bank confirmed these growth projections in their recent regional […]

Cambodia Faces Mounting Debt Challenges in the Real Estate Sector

The real estate sector in Cambodia is grappling with mounting financial concerns as total housing debt nears USD 1 billion, according to insights shared during the recent roundtable discussion, The Debt Situation in Cambodia, organized by the Real Estate and Mortgage Regulatory Authority. Mr. Chou Vannak, Director General of the Authority, revealed that homebuyers owe between […]

Expert: Dual-Pronged Strategy to Navigate Post-Pandemic Challenges in the ASEAN+3 Property Market

The ASEAN+3 property markets, encompassing ASEAN nations along with China, Hong Kong, Japan, and Korea, are grappling with declining prices and transaction volumes, compounded by financial constraints, surplus inventory, and at-risk developers. These challenges, exacerbated in the Plus-3 economies by stricter financial conditions and diminished buyer confidence, underscore the pressing need for stabilization measures in […]