Two Factories Worth Over US$12.5 million Approved for Kandal and Kampong Chhnang

• 28 July 2021
• Local News
• 1851 Views

The Council for the Development of Cambodia (CDC) approved two investment projects on Wednesday 28 July worth over US$12 million for Kandal and Kampong Chhnang provinces.

The first investment permit has been granted to General Enterprises Garment (Cambodia) Co., Ltd to invest US$7.3 million to build a garment factory in Kadal Stueng district, Kandal province.

The second is Sortics Alliance Co., Ltd, which will invest US$5.2 million to also build a garment factory in Samaki Meanchey district, Kampong Chhnang Province.

The two investment projects will generate over 1,900 jobs.

According to a CDC report, in the first half of 2021 CDC approved 87 new investments, both new and expansion projects, equivalent to almost US$3 billion, which is an increase of about 10% compared to the same period last year. (Read more)

• Investment and Funding