Cambodia approves 4 garment, 3 travel goods projects

The Council for the Development of Cambodia (CDC) approved four garment and three travel goods projects in January, with investments totalling $33.4 million. The European Union (EU) is scheduled to decide whether to keep or withdraw its Everything But Arms (EBA) scheme for Cambodia on February 12. The country is expected to lose attractiveness for investors if EBA is withdrawn.

The garment projects are Sun Awesome Garment Co Ltd in Kampong Cham province’s Kabbas village in Prey Chhor district; Kniteracy (Asia) Company Limited in Kandal province’s Prey Khla village in Ang Snuol district; KY Odyssey Garment Co Ltd in Kampong Speu’s Trav village in Kong Pisei district’s Teuk La’ak commune, and King Lian (Cambodia) Garment Factory Co Ltd in Kampong Speu province’s Boss Ta Nai village in Samrong Tong district, according to a report in a Cambodian newspaper.

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