CDC approves investment projects worth close to US$2 billion

• 26 December 2019
• Local News
• 4468 Views

The Council for the Development of Cambodia (CDC) has approved investment projects in the sectors of energy, retail, tourism, and commercial buildings with a total investment close to US$2 billion.

According to a CDC press release on 25 December, it approved investment projects for a hotel and a commercial building.

BOCC Development Co Ltd will invest US$1,181 million on building a five-star hotel with 500 rooms, building a four-star Serviced Hotel Apartment with 1,600 rooms, and building a commercial building located on Koh Pich.

Xin Da Shi Jia International Hotel Co Ltd will invest US$331 million on building a five-star hotel with 1,500 rooms and a commercial building located in Preah Sihanouk province.

Related to energy investment, the CDC approved Schneitec Power Co Ltd to invest US$71 million on building a transmission line and power sub-station located in Preah Sihanouk province and Schneitec Infinite Co Ltd Infinite Co Ltd will invest US$29 million on building a 30MW-solar power station in Pursat province.

The CDC also approved De Heus TMH Co Ltd to invest U$11 million in an animal feed processing factory in Kampong Speu province.

MILLPLAN Industries (Cambodia) Co Ltd will invest US$7 million on an electronic spare part assembly factory in Samraong Tong district, Kampong Speu province.

FHL Industrial Co Ltd will invest US$2.4 million on an electronic spare part assembly facility in Samraong Tong district, Kampong Speu province.

Finally, CXD Industry Co Ltd invests will invest US$6 million on an auto spare part assembly line in Preak Pnov district, Phnom Penh.

• Business and Market
• Investment and Funding