Two More Investment Projects Approved by CDC

AKP Phnom Penh, May 09, 2020 —

Council for the Development of Cambodia (CDC) has approved two more investment projects, expecting to create almost 687 jobs for the locals.

According to two recent CDC’s separate press releases, with a total investment capital of some US$18.7 million, the newly approved projects are invested by two different companies – Boeung Ket Packaging Factory Co., Ltd. in Kampong Cham province, and KH Paper Mill Co., Ltd. in Phnom Penh capital city.

The new investment projects cover the production of cardboard boxes, the same source added.

Such investments amid COVID-19 outbreak demonstrate confidence of foreign investors in Cambodia’s macroeconomic, political and social stability though threatened by the pandemic.

By Phal Sophanith