Ten Investment Projects Worth US$1.8 billion Approved for PP & Seven Other Provinces

18 January 2022
Local News
1819 Views

The Council for the Development of Cambodia (CDC) has given permits to ten private firms to invest a total of US$1.89 billion setting up garment & production factories, power plants, hydropower dam, and a logistics centre in various provinces across the kingdom.

According to the CDC announcement on Monday 17 January, the firms include:
1. INDEPENDENCE CLOTHING (CAMBODIA) CO., LTD establishing a garment factory in Sangkat Sangkat Chaom Chau II, Khan Pou Senchey, Phnom Penh with investment capital of US$3.1 million.

2. CAMBODIAN GUOXING YI QUN LANG PLYWOOD CO., LTD establishing a plywood processing factory (made of imported wood and locally grown wood) in Balang commune, Baray district, Kampong Thom province with investment capital of US$3.4 million.

3. MUTITA TEXTILE SOCIAL ENTERPRISE CO., LTD establishing a garment factory in Sangkat Rattabak, Battambang city, Battambang province with investment capital of US$3.9 million.

4. HAOPAI DECORATION MATERIAL (CAMBODIA) CO., LTD establishing a factory producing decoration materials in Damnak Ampil commune, Angk Snuol district, Kandal province with investment capital of US$4.2 million.

5. TMH POULTRY CO., LTD establishing a meat processing factory in Veal Pong commune, Odong district, Kampong Speu province, with investment capital of US$5.7 million.

6. ACADEMIC SOLAR ENERGY MFG CO., LTD establishing a solar panel and assembly factory in Sanlung commune, Khsach Kandal district, Kandal province, with investment capital of US$8.2 million.

7. LONGFUITER ANLONG VENG ODDOR MEANCHEY AGRICULTURE PARK CO., LTD investing in banana and fruit processing factory in Tom Long commune, Anlong Veng district, Oddar Meanchey province, with investment capital of approximately US$51 million.

8. K.B.X INVESTMENT CO., LTD investing in building a 5-star hotel with 528 rooms in Sangkat Boeng Keng Kang III, Khan Boeng Keng Kang, Phnom Penh, with investment capital of approximately US$129 million.

9. CAMBODIAN UPPER TATAY HYDROPOWER CO., LTD investing in 150MW Stung Tatai Leu Hydropower Dam in Thma Bang and Koh Kong district, Koh Kong province, with investment capital of approximately US$389 million. This project was inked a deal with Cambodian government in December 2020. (Read more)

10. KAMPOT LOGISTICS AND PORT COMPANY LIMITED investing in the logistic centre and multi-purpose port development project in Sangkat Preaek Tnaot, Bokor city, Kampot province, with an investment capital of approximately US$1.3 billion.

According to CDC, the aforementioned projects will help create a total of over 7,000 jobs for Cambodians.

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