Home breadcru News breadcru Industrial breadcru Cambodia's CDC clears 22 investment projects worth $444 mn in Feb

Cambodia's CDC clears 22 investment projects worth $444 mn in Feb

21 Feb '24
1 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • Cambodia cleared 22 projects with investments worth $444 million between February 1 and 15.
  • These include a garment factory and a travel bag unit in Phnom Penh province; a furniture unit in Preah Sihanouk province; a bags and accessories unit in Kampong Speu province; two garment factories in Takeo province; and a garment factory in Kandal province.
The Council for the Development of Cambodia (CDC) cleared 22 projects with investments worth $444 million in the first fortnight of February.

The approval of the projects to operate the businesses across the country was announced yesterday by CDC and most of the budget is invested heavily

Most of the projects are related to the industry, agriculture, agro-industry and infrastructure in Phnom Penh, Svay Rieng, Preah Sihanouk and Kampong Spur provinces.

Projects in Phnom Penh include a garment factory in Pou Senchey district for manufacturing medical and PET apparel, and a travel bag factory.

Projects in coastal province Preah Sihanouk include one focused on producing sofa and furniture in Sihanoukville special economic zone, a domestic media outlet reported.

In Kampong Speu, projects include a unit in the Samraong Tong district to make bags and accessories.

The Takeo province will see two garment factories in the Bati and Samraong districts.

Other projects include a garment factory in Ta Khmau town in the Kandal province, construction of the Kampong Chhang Multipurpose Port and Logistics Centre in the Kampong Leng district, and a factory for clothing, glove, socks, hats and bags in the Jiangsu special economic zone.

ALCHEMPro News Desk (DS)

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