Logo of Phnom Penh Post newspaper Phnom Penh Post - CDC approves over $150m of new manufacturing projects

CDC approves over $150m of new manufacturing projects

Content image - Phnom Penh Post
The Council for the Development of Cambodia (CDC). FACEBOOK

CDC approves over $150m of new manufacturing projects

The Council for the Development of Cambodia (CDC) has approved final registration certificates for six companies – worth $152.6 million – according to a May 5 statement.

The six companies are involved in the production of tiles, solar panel assemblies, a trade centre project, electronic panel assemblies, decorative lights and artificial plants, and colourful lighting systems.

The projects are located in Phnom Penh, Kandal, Preah Sihanouk, Takeo, and Kampong Speu.

Royal Academy of Cambodia economic researcher Ky Sereyvath said that the newly approved investment projects are notable, as they are not a part of the garment sector. This is due to the fact that Cambodia is diversifying its industry.

“Industry diversification means that we are no longer solely focused on garment and footwear manufacture. Changing focus to other sectors means we are opting for high value products and is a driver for economic growth,” he said.

In the first four months of this year, a total of 52 investment projects worth more than $2.46 billion have been approved by the CDC. They are expected to create 47,710 jobs. Most of the investments remain in the garment and textile sectors, however.


  • Hong Kong firm done buying Coke Cambodia

    Swire Coca-Cola Ltd, a wholly-owned subsidiary of Hong Kong-listed Swire Pacific Ltd, on November 25 announced that it had completed the acquisition of The Coca-Cola Co’s bottling business in Cambodia, as part of its ambitions to expand into the Southeast Asian market. Swire Coca-Cola affirmed

  • Cambodia's Bokator now officially in World Heritage List

    UNESCO has officially inscribed Cambodia’s “Kun Lbokator”, commonly known as Bokator, on the World Heritage List, according to Minister of Culture and Fine Arts Phoeurng Sackona in her brief report to Prime Minister Hun Sen on the night of November 29. Her report, which was

  • NagaWorld union leader arrested at airport after Australia trip

    Chhim Sithar, head of the Labour Rights Supported Union of Khmer Employees at NagaWorld integrated casino resort, was arrested on November 26 at Phnom Penh International Airport and placed in pre-trial detention after returning from a 12-day trip to Australia. Phnom Penh Municipal Court Investigating Judge

  • Angkor Beer, 30 Years of Prestige and Still Counting

    Let’s celebrate 30 years of prestige with Angkor Beer. In this 2022, Angkor Beer is 30 years old and has been staying with Cambodian hearts in all circumstances. Head of core beer portfolio, EmYuthousaid, “We have been with Cambodians for three decades now. We, ANGKOR Beer, pride

  • Sub-Decree approves $30M for mine clearance

    The Cambodian government established the ‘Mine-Free Cambodia 2025 Foundation’, and released an initial budget of $30 million. Based on the progress of the foundation in 2023, 2024 and 2025, more funds will be added from the national budget and other sources. In a sub-decree signed by Prime Minister Hun Sen

  • Two senior GDP officials defect to CPP

    Two senior officials of the Grassroots Democratic Party (GDP) have asked to join the Cambodian People’s Party (CPP), after apparently failing to forge a political alliance in the run-up to the 2023 general election. Yang Saing Koma, chairman of the GDP board, and Lek Sothear,