Cambodia Welcomes US$11.3m Investment for Two New Factories in Kampong Speu & Svay Rieng

The Council for the Development of Cambodia (CDC) has given the green light to two companies set to invest a total of US$11.3 million in establishing two factories. These ventures are expected to generate a total of 1,289 job opportunities, benefitting residents of Svay Rieng and Sihanoukville. The CDC announcement on 28 September 2023, highlighted these forthcoming industrial endeavours.

The first company, “TW LIGHTS CO., LTD,” is investing US$5.8 million in a factory that will manufacture light bulbs in Otapoung village, Rokar Koh commune, Kong Pisey district, Kampong Speu province. The project is set to create employment for approximately 740 Cambodians.

The second firm, “G.U INDUSTRIAL CO., LTD.,” is earmarking US$5.5 million for the establishment of a factory dedicated to the production of Christmas trees, Christmas tree decorations, and assorted decorative lamps. The facility will be situated in the Manhattan Svay Rieng Special Economic Zone, Svay Rieng province, and is projected to provide job opportunities for around 549 people.

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