Logo of Phnom Penh Post newspaper Phnom Penh Post - CDC unveils $80M investment in six new approvals

CDC unveils $80M investment in six new approvals

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According to The Post’s calculations based on CDC statements, in January-May, the council approved 72 projects with total capital investment of roughly $2.66238 billion – plus or minus $3.96 million to account for rounding – which are expected to deliver 60,949 jobs, mostly in garments, footwear and travel goods. SUPPLIED

CDC unveils $80M investment in six new approvals

The Council for the Development of Cambodia (CDC) on June 17 announced that it had approved final registration certificates for six investment projects worth around $80 million, expected to create nearly 3,000 jobs.

Two projects will be located in Kampong Speu province’s Samrong Tong district: Baosteel Can Making (Cambodia) Co Ltd’s $50.7 million can factory and Konda Furniture Co Ltd’s $2.3 million plastic, aluminium and metal furniture factory, which are to generate 155 and 253 jobs.

In neighbouring Kong Pisei district to the southeast, GTV Motor Co Ltd’s $15.6 million vehicle assembly plant is planned to deliver 738 new jobs.

In Kampong Chhnang’s Teuk Phos district, Glotec (Cambodia) Co Ltd’s $4.3 million bamboo processing facility is set to bring 141 jobs.

In western Kandal province’s Ang Snuol district, ECKL Packaging Co Ltd’s $3.1 million plastic bag factory will add 234 jobs.

In the capital’s Dangkor district, K Fine (Cambodia) Garment Co Ltd’s $3.9 million garment factory is due to create 1,220 jobs.

According to The Post’s calculations based on CDC statements, in January-May, the council approved 72 projects with total capital investment of roughly $2.66238 billion – plus or minus $3.96 million to account for rounding – which are expected to deliver 60,949 jobs, mostly in garments, footwear and travel goods.

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