Government Approves US$11 Million Investment Projects
AKP Phnom Penh, July 19, 2019 —
Cambodian Investment Board (CIB) of the Council for the Development of Cambodia (CDC) has endorsed investment projects worth about US$11.3 million.
The update was shared recently by the development council, adding that the investments will cover the production of cardboard, handbags, gloves, and textiles.
The investment projects were registered under the names of JIA YU AN Packaging Material (Cambodia) Co., Ltd. of US$4.8 million, NIU GENG DI (Cambodia) Co., Ltd. of US$3.7 million, and CHUNLEI Garment (Cambodia) Co., Ltd. of US$2.8 million.
Located in the suburb of Phnom Penh capital and Kampong Speu province, the projects are expected to create over 2,740 jobs for the locals.
By Phal Sophanith