Gov’t Approves 7 Investment Projects Worth Over US$ 60M in Kampong Speu, Kandal and Phnom Penh

28 April 2023
Local News
3382 Views

The Investment Committee of Cambodia of the Council for the Development of Cambodia (CDC) has announced its approval of seven investment projects worth over US$60 million. The projects will establish factories in Kampong Speu, Kandal, and Phnom Penh, and are expected to create 11,867 new job opportunities for Cambodian people.

Among the approved companies is “CAMBODIAN GOLDEN FRUIT TRADING CO., LTD,” which will invest US$26 million to establish a mango processing factory in Ta Neang village, Choam Sangke commune, Phnom Sruoch district, Kampong Speu province.

Meanwhile, “BLOSSOM KNITWEAR (CAMBODIA) COMPANY LIMITED” will invest US$7 million to establish a garment factory in in Prey Sala village, Roleang Kreul commune, Samrong Tong district, Kampong Speu province.

The third firm is “HUA XING JIANG GARMENT CO., LTD” which will invest US$ 6 million to establish a garment factory located in Prey Speu Village, Sangkat Choam Chao II, Khan Por Senchey, Phnom Penh.

The fourth firm is “ROUTE 88 MANUFACTURING COMPANY LIMITED” which will invest US$5.4 million to establish a factory to produce all kinds of bags, located in Prey Pdao village, Trapeang Kong commune, Samrong Tong district, Kampong Speu province.

The investment also includes the establishment of a footwear factory worth US$5.4 million by “XINHENGLI (CAMBODIA) SHOES CO., LTD” in in Romdenh village, Makak commune, Ang Snoul district, Kandal province.

The sixth firm is “INTERNATIONAL AIR LIFE CO., LTD” which will invest US$5.2 million to establish a factory for the production of all kinds of sports equipment and bags from rubber fabric, located in Kralanh Village, Sangkat Veal Pong, Udong Mechey City, Kampong Speu Province.

The seventh firm is “JU HONG SHI YE YOU XIAN GONG SI CO., LTD” which will invest US$ 5.1 million to establish a shoe accessories factory located at CP5-F6, Pong Teuk Village, Damnak Ampil Commune, Ang Snoul District, Kandal Province.

According to CDC, the investment projects will create 11,867 new job opportunities, boost economic growth and development, and contribute to the industrial sector’s expansion. The CDC’s efforts in promoting and facilitating investment in the country have resulted in the inflow of foreign direct investments, creating new opportunities for local communities.

Photo credit to ATAD

- Video Advertisement -

Projects Development

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

4 March 2025

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

3 March 2025

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

26 February 2025

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

24 February 2025

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 […]

Henan Provincial Administrative to Invest in Agro-Industrial Park in Cambodia

21 February 2025

The Henan Provincial Administration of China has announced plans to invest significantly in Cambodia to establish an agro-industrial park focused on agricultural product processing. This development was revealed during a recent meeting with HE Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia (CDC), and a delegation […]

Thailand Accelerating Major Projects to Become Largest Transportation Hub in ASEAN

16 February 2025

Thailand is accelerating efforts to become the leading transportation hub in Southeast Asia by developing major infrastructure projects, including cruise ship terminals, a new airport, and flyovers. Deputy Minister of Transport Manaporn Charoensri emphasised the country’s strategic geographic location, which positions it as a central transit point in the region. Key initiatives include constructing three […]