PHNOM PENH: Six new investment projects with a total capital of $34.6 million were approved by the Council for the Development of Cambodia (CDC) last week.
According to a CDC’s press release issued yesterday, the newly approved projects are located in the provinces of Kampong Speu, Takeo, and the capital of Phnom Penh
Under the six investment projects, factories of noodles, cardboard boxes, footwear, and garments will be created, it pointed out. They are expected to generate nearly 7,600 jobs for the locals, added the same source.
Cambodia as in August alone could see total investment projects worth over $480 million, mostly in the garment sector, and could create jobs for nearly 35000 workers.
During the first six months of this year, the CDC granted the green light to 113 investment projects and investment expansion projects with a total capital of $1,105 million.