CDC Approves 7 New Investment Projects worth Almost US$33 Million

date_range 30-Nov-2023
visibility 6

Phnom Penh, November 30, 2023 --

The Council for the Development of Cambodia (CDC) has granted licences to seven more investment projects with a total capital of US$32.9 million.

According to a CDC’s press release issued this morning, the newly approved projects belong to seven different companies. Four of the projects are located in special economic zones (SEZs) in Svay Rieng province, and the rest in SEZs of Preah Sihanouk province.

The new investment projects cover the manufacturing of fabrics, bags, Christmas trees and decoration materials, plywood, wood products and furniture, and wooden door and window, the CDC said.

They will generate a total of some 3,500 jobs for the locals, the same source pointed out.