Over US$3.6 Million Investment Projects Licensed
AKP Phnom Penh, April 25, 2020 —
Council for the Development of Cambodia (CDC) has given the green light to two new investment projects with a total investment capital of US$3.6 million.
According to the council’s press release issued yesterday, the new projects approved are expected to create some 525 jobs for the locals.
The two projects cover the production of doorframes, windows, plywood …, and pet foods and materials.
The projects belong to Mountain Moon Millwork Co., Ltd. and Lodi Pet Products (Cambodia) Co., Ltd. in Preah Sihanouk province.
Such investment amid COVID-19 outbreak demonstrates confidence of foreign investors in Cambodia’s macroeconomic, political and social stability though threatened by the pandemic.
By Phal Sophanith