CDC Grants Investment Licences to Three New Projects
AKP Phnom Penh, August 28, 2021 --
Three new projects with a total capital of US$14.8 million have been recently approved by the Council for the Development of Cambodia (CDC).
According to the CDC's press release issued yesterday, the three projects belong to Shining Fashion Industrial Co., Ltd., Melyo Plastic Technology Co, Ltd., and Kicyn (Cambodia) Co., Ltd.
To be located in Kandal, Kampong Chhnang and Takeo provinces, it pointed out, two of the newly-approved projects are garment factories while the other one is ice and plastic container factory.
They are expected to create some 4,000 jobs for the locals, the same source added.
Such investment amid the COVID-19 outbreak demonstrates confidence of investors in Cambodia’s macroeconomic, political and social stability though threatened by the pandemic.
By C. Nika