Cambodia clears 4 textile projects, total 72 approved in Jan-May

The Council for the Development of Cambodia (CDC) late last month approved four textile-related projects worth about $17 million that are expected to create 4,990 jobs. This brings the total number of projects in January-May 2022 to 72, with a cumulative capital investment of nearly $2.66238 billion. These projects are expected to create 60,949 jobs.

The garment, footwear and travel goods sectors accounted for the bulk of these projects, although others were in fields like fruit processing and packaging, hotels, hospitals, and business centres among others, a Cambodian newspaper reported.

In the first four months of 2022, the country’s total exports were worth $7.6062 billion, up by 32.1 per cent year on year, while imports amounted to $10.04330 billion, up by 5.5 per cent, according to the general department of customs and excise.

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