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Logo of Phnom Penh Post newspaper Phnom Penh Post - Tycoon signs MoU for Kampot auto plant

Tycoon signs MoU for Kampot auto plant

Business tycoon Try Pheap signed a memorandum of understanding (MoU) on Tuesday with a Beijing-based company that aims to establish a 100-hectare automotive assembly plant in the Kingdom’s Kampot province with initial capital investment of $30 million, according to reports in local media.

The plant will produce everything from trucks to cars and motorcycles, as well as air-conditioner units.

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