The Council for the Development of Cambodia (CDC) approved 70 projects with a total capital investment of $2.428 billion in the first half of this year, as reflected in CDC statements issued on social media from January to June. It approved 29 investment projects in textiles, garments, footwear and travel products with a capital investment of $194.71 million.
The council also gave green signal to four furniture plants with a capital investment of $55.6 million, according to a top newspaper in the country.
The textile, garment, footwear and travel goods sector accounted for the bulk of the value of the new projects, followed by electrical components and vehicle parts, Cambodia Chamber of Commerce vice president Lim Heng said.
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