PHNOM PENH: The Council for the Development of Cambodia (CDC) approved a $258 million project to build a new cement factory in Kampong Speu province last week.

The factory will be built in Monorom village, Hom Samnang commune, Oral district, and is expected to create 470 jobs.

The project is being invested by Conch KT Cement (Phnom Penh) Company Limited and is expected to have an annual capacity of 2 million tonnes. This will make it Cambodia's sixth cement factory and will help to meet the growing demand for cement in the country.

Cambodia currently has five cement factories, including Kampot Cement, Cambodia Cement Chakrey Ting, Chip Mong Insee, Battambang Conch Cement, and Thai Bun Rong.

Prime Minister Hun Sen announced in June that Kampong Speu province will soon have a new cement factory with an annual capacity of 2 million tonnes.

The construction sector is booming in Cambodia and is expected to continue to grow in the coming years. The new cement factory will help to meet the demand for cement from this sector and will create jobs and boost the economy.