Logo of Phnom Penh Post newspaper Phnom Penh Post - CDC okays five projects worth $121M

CDC okays five projects worth $121M

Content image - Phnom Penh Post
The Council for the Development of Cambodia (CDC) approved 12 investment projects last month and five so far this month. CDC

CDC okays five projects worth $121M

The Council for the Development of Cambodia (CDC) on December 4 said it had issued final registration certificates to five investment projects worth more than $121 million and which are expected to generate 1,334 jobs.

The CDC said it issued final registration certificates for Inter-Mattrid Beverage (Cambodia) Co Ltd’s $78 million brewery, Ruizexing Chemical Technology Co Ltd’s $20.1 million agricultural pesticide plant and Sing Fu Sun (Cambodia) Plastic Co Ltd’s $11.7 million PET perform factory.

The three projects are located in Kandal province’s eastern Kien Svay district and will provide jobs for 550, 174 and 52 locals, respectively, it noted.

It also issued certificates for Blissfull Capital Co Ltd’s $9.5 million commercial centre along National Road 2 in Phnom Penh’s southern Meanchey district and Chunteng Industrial (Cambodia) Co Ltd’s $2.6 million pet-friendly upholstery-fabric factory in Kampong Speu province’s southeastern Kong Pisey district.

The two projects are expected to generate 200 and 358 jobs, it added.

Cambodia Chamber of Commerce vice-president Lim Heng told The Post on December 6 that investment inflows to the Kingdom will enjoy a continued steady incline that is largely undeterred by the lingering Covid-19 epidemic.

This sustained growth illustrates investor optimism on the Cambodian economy, which he pointed out remains on a steady upward trajectory.

“On top of the recent economic growth, Cambodia has made headway on a series of free trade agreements [FTA] with flourishing economies, especially China,” Heng said.

With the ink still fresh on the Kingdom’s October 12 FTA with China, the deal will provide Cambodian-made goods a chance to be exported to the world’s most populous market under special conditions, he said.

“There had been mounting concerns in the recent past that the EU’s withdrawal of its ‘Everything But Arms’ [EBA] scheme would pose a lot of issues for Cambodian exports, but we can clearly see that this is not the case,” Heng said.

The CDC said it had issued final registration certificates to 12 investment projects last month worth at least $50 million and which are expected to generate 7,468 jobs.

Established in 1994, the CDC is the highest decision-making level of government for private and public sector investment in the Kingdom.


  • Cambodia to waive quarantine requirements Nov 15, no PCR test required

    Prime Minister Hun Sen has decided to lift all quarantine requirements for fully vaccinated travellers and visitors – both Cambodians and foreign nationals – effective from November 15 onward. In a special message addressed to officials and relevant authorities on November 14, Hun Sen said this policy will enable

  • PM: No more quarantine for vaccinated travellers

    Cambodia is lifting all quarantine requirements for vaccinated inbound travellers entering Cambodia by air, waterway or land border checkpoints effective from November 15. Travellers will be required to take a rapid antigen test on arrival rather than waiting for the results of the lengthier polymerase chain

  • No payment required for travellers taking rapid Covid tests on arrival

    Ministry of Health officials said there would be no payment required for the rapid Covid-19 tests given to travellers who arrive in Cambodia from November 15 onwards after the quarantine requirement is lifted for fully vaccinated people. Health ministry spokeswoman Or Vandine told The Post on

  • General’s gun smuggling ring busted

    The Military Police sent six military officers to court on November 22 to face prosecution for possession of 105 illegal rifles and arms smuggling, while investigators say they are still hunting down additional accomplices. Sao Sokha, deputy commander of the Royal Cambodian Armed Forces and commander of

  • More Cambodians studying in US

    The number of Cambodian students studying at US colleges and universities in 2020-21 increased by 14.3 per cent over the previous year despite the Covid-19 pandemic, according to a recent US government report. The 2021 Open Doors report on International Educational Exchange showed that 848 Cambodian students studied

  • Cambodia, Thailand to discuss border reopening

    Cambodian authorities from provinces along the Cambodia-Thailand border will meet with Thai counterparts to discuss reopening border checkpoints to facilitate travel, transfer of products and cross-border trade between the two countries. Banteay Meanchey provincial deputy governor Ly Sary said on November 22 that the provincial administration