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

• Sommana Yan
• 28 April 2023
• Local News
• 4359 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

• Projects Development