Gov’t Approves Two New Investment Projects Worth Over US$10m in PP and K. Speu

• 2 April 2022
• Local News
• 1338 Views

The Council for the Development of Cambodia (CDC) has given permits to two private firms to invest in two projects worth US$10.4 million in Phnom Penh and Kampong Speu provinces.

According to a CDC’s announcement on 31 March, Malaga Garment Factory Co. Ltd. will invest US$6.4 million to set up a garment factory in Prek Kampus village, Sangkat Prek, Khan Dangkor, Phnom Penh.

Meanwhile, Young Clothing (Cambodia) Co. Ltd. will invest US$4 million to set up a garment factory in Romlech village, Roleang Kreul commune, Samrong Tong district, Kampong Speu province.

Both projects will help create more than 2000 jobs for locals.

In the first two months of 2022, from January to February, the CDC approved a total of 37 investment projects with a total investment of nearly US$2.4 billion.

 

• Investment and Funding