Gov’t Approves Three Investment Projects Worth Over US$18m in PP & Kampong Speu

The Council for the Development of Cambodia (CDC) has given permits to 3 private firms to invest in 3 projects worth US$18.8 million in Phnom Penh and Kampong Speu.

The first company is ORIENT HONGYE (CAMBODIA) KNITTING CO., LTD., investing US$3 million in building a garment factory in Phnom Penh.

The second company is KYLIN (CAMBODIA) SPORTS CO., LTD., investing US$5.3 million to establish a garment factory in Phnom Penh.

The third company is SPEARHEAD COMMODITIES (CAMBODIA) CO., LTD., which is investing US$10.5 million to establish a factory to produce bags in Kampong Speu.

According to the CDC, these projects will help create up to 2,005 jobs for local people.

 

 

 

 

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