PHNOM PENH: The Council for the Development of Cambodia (CDC) yesterday approved three new investment projects worth US$12.8 million, which are expected to create over 2,200 jobs for locals.
The projects are located in the provinces of Preah Sihanouk, Svay Rieng, and Banteay Meanchey. They will involve the construction of a sock factory, an outdoor furniture factory, and a vehicle spare part factory.
The first project belongs to Juhai Baoshun (Cambodia) Co., Ltd., while the second belongs to Home Terrace Co., Ltd., and the third belongs to Techno Park Poi Pet PVT Co., Ltd.
The CDC also approved 191 investment projects during the January-September period this year, up 27% from the same period last year. The total investment value is US$3.76 billion, up 8.6%.
The top five foreign investors in Cambodia are China, Malaysia, the British Virgin Islands, Singapore, and Vietnam.
Cambodia adheres to an open investment policy in all areas for both domestic and foreign investors.
The Council for the Development of Cambodia (CDC) provides information to investors on investment incentives and priority activities and facilitates investment in collaboration with ministries and institutions.
