Cambodia’s CDC clears 4 investment projects worth $17.2 mn

The Council for the Development of Cambodia (CDC) recently announced approving four investment projects worth around $17.2 million. These are expected to create 1,490 jobs. Ministry of commerce spokesman Pen Sovicheat said his office had seen an increase in requests to set up new companies in the country, while foreign investment was growing gradually.

Sun Awesome Garment Co Ltd will set up a garment and laundry facility in Kampong Cham’s Prey Chhor district, with an investment of $6.9 million, employing 610 people, according to a report in a Cambodian English-language daily.

Famous Leatherware (Cambodia) Co Ltd will establish a handbag manufacturing factory in Phnom Penh’s Meanchey district through $5.3 million in capital investment, resulting in 314 jobs.

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