Logo of Phnom Penh Post newspaper Phnom Penh Post - August sees seven new projects worth more than $71M approved

August sees seven new projects worth more than $71M approved

August sees seven new projects worth more than $71M approved

The Council for the Development of Cambodia (CDC) has approved seven new investment projects this month that are worth more than $71 million and expected to generate 4,016 jobs for Cambodians.

Newtoshi Homewear Co Ltd’s $3.4 million project is located in Chhoeu Tom commune’s Bamnak village in Pursat province’s Krakor district and will create 949 jobs, the CDC said on Wednesday.

Tokyo Happy Ice Cream Co Ltd’s $3.1 million project is situated in Phnom Touch commune’s Wat Phnom village in Kampong Speu province’s Oudong district and will provide 156 jobs.

Rong Xing Paper Industrial Co Ltd’s $3.6 million cardboard factory in Kantaok commune’s Kantaok Choeung village in Phnom Penh’s Kambol district will supply 117 jobs.

K&K Pipe (Cambodia) Co Ltd’s $6 million water pipe plant can be found on Street 130 in Ponhea Pon commune’s Sre Don Toch village in Phnom Penh’s Prek Pnov district and it will create 131 jobs.

Ray Power Supply Co Ltd’s $39.8 million 30MW solar farm is situated in Preah Netr Preah district’s Chhnuor Meanchey commune in Banteay Meanchey province and will deliver 20 jobs.

Cam-Icare Co Ltd’s $5.5 million eyeglass and case factory is located in Sihanoukville Special Economic Zone (SSEZ) – the Kingdom’s largest industrial park – in Bit Traing commune’s Pou Thoeung village in Preah Sihanouk province’s Prey Nop district and will generate 380 jobs.

Forever Fug Garment Co Ltd’s $10.3 million garment factory is situated on Street 127 in Lot B in Prey Nhat commune’s Tbong Ang village in Kampong Speu’s Kong Pisei district and will provide 2,263 jobs.

Cambodia Chamber of Commerce vice-president Lim Heng told The Post on Wednesday that the projects likely come amid heightened expectations among investors ahead of the signing of the eagerly-awaited Cambodia-China bilateral free trade agreement (FTA).

The companies are looking to the Kingdom as a host for their factories to produce goods for export to the Chinese, US and European markets, he said.

“They are already looking at export opportunities to the Chinese market, which will benefit greatly through the Cambodia-China FTA,” Heng said.


  • ‘Kingdom one of safest to visit in Covid-19 era’

    The Ministry of Tourism on January 12 proclaimed Cambodia as one of the safest countries to visit in light of the Kingdom having been ranked number one in the world by the Senegalese Economic Prospective Bureau for its success in handling the Covid-19 pandemic. In rankings

  • Ministry mulls ASEAN+3 travel bubble

    The Ministry of Tourism plans to launch a travel bubble allowing transit between Cambodia and 12 other regional countries in a bid to resuscitate the tourism sector amid crushing impact of the ongoing spread of Covid-19, Ministry of Tourism spokesman Top Sopheak told The Post on

  • Kingdom accepts Chinese vaccine, PM first to get jab

    Prime Minister Hun Sen said China would offer Cambodia an immediate donation of one million doses of the Covid-19 vaccine produced by the Sinopharm company. In an audio message addressing the public on the night of January 15, he said Cambodia has accepted the offer and

  • Reeling in Cambodia’s real estate sector

    A new norm sets the scene but risks continue to play out in the background A cold wind sweeps through the streets of Boeung Trabek on an early January morning as buyers and traders engage in commerce under bright blue skies. From a distance, the

  • PM asks India for vaccine help

    Prime Minister Hun Sen is seeking assistance from India for the provision of Covid-19 vaccines as the country has produced its own vaccine which is scheduled to be rolled out to more than 300 million Indians this year. The request was made during his meeting with

  • Capital set to beef up security

    Phnom Penh municipal governor Khuong Sreng held the first meeting of the year with heads of armed forces in the capital to review and repair the deficiencies related to gun control, drug crimes, social order disruptions due to alcohol consumption and traffic law enforcement. Municipal