Gov’t Approves Two Investment Projects Worth Over US$12 Million in Kandal and Sihanoukville

• 5 April 2021
• Local News
• 2034 Views

The Council for the Development of Cambodia (CDC) has officially approved private firms to invest in building two factories, worth a total budget of approximately US$12.6 million in Kandal and Sihanoukville.

The first investment permit has been granted to MCBAG Co., Ltd to invest US$3.5 million in building a bag production factory in Bek Chan Commune, Angk Snuol District, Kandal.

Another permit was granted to Cambodian Qi Ming Xing Jia Ju Yong Pin Co., Ltd, which will invest US$9.1 million to build a factory producing shoes, bags and belts in Ou Oknha Heng Commune, Prey Nob District, Sihanoukville.

Meanwhile, these two investment projects will create over 1,840 jobs for Cambodians, according to the CDC.

For 2021, as of the beginning of April, the CDC has already approved at least 29 major projects, including the above projects with total investment capital of over US$2 billion. (Read more)

• Business and Market
• Projects Development
• Investment and Funding