PHNOM PENH: A tourism resort development investment project has received the green light from the Council for the Development of Cambodia (CDC).
With an investment capital of US$30 million, the project will be developed on Koh Totoeung island located in Koh Sdach village, Koh Sdach commune, Kiri Sakor district, Koh Kong province by Den Nokor (Cambodia) Investment Co., Ltd., according to a CDC’s news release issued yesterday.
It added that the new project is expected to generate 142 jobs for the locals.
At the same time, CDC approved five other investment projects with a total capital of US$43.9 million, creating some 1,579 job opportunities.
The newly approved projects are solar panel production and cardboard box factories in the Ang Snuol district of Kandal province, agricultural processing and packaging factory and banana plantations in O’ Raing Ov district of Thbong Khmum province, furniture factory in Samrong Torng district of Kampong Speu province, and “Koh Muoy” development project in Koh Rong city of Preah Sihanouk province.