PHNOM PENH: The Council for the Development of Cambodia (CDC) has given the green light to three new investment projects with a total capital of $16 million. Those new projects are located in the provinces of Svay Rieng only.

1. “QINGDAO ZHONGMIAN (CAMBODIA) KNITTING CO., LTD.”, an investment of approximately 6.8 million US dollars in Chiluchean Pouchai Special Economic Zone, Svay Rieng Province.  The project aims to establish a garment and garment factory that can generate 2,410 jobs.

2. “HUIYAO YAOXING PLASTIC PACKAGING PRODUCTS (CAMBODIA) CO., LTD.” plans to invest 5.7 million US dollars to set up a factory producing all kinds of bags and packaging materials in Chiluchean Pouchai Special Economic Zone, Svay Rieng Province. The project can create job opportunities for 495 individuals.

3. “DONG WANG PAPER INDUSTRY (CAMBODIA) CO., LTD.”, with an investment capital of around 3.5 million US dollars will be utilized to establish a cardboard and packaging factory. The project is situated in Hai-Park Special Economic Zone, Svay Rieng Province, and has the potential to employ 586 workers.

Recently, the CDC has been busy with investment projects. In the first quarter of the year, CDC approved investment projects worth over $400 million, including 45 projects while 5 projects worth $103.3 million were approved in April alone.