Nearly US$175 Million Investment Projects Approved
AKP Phnom Penh, May 22, 2020 —
Five more investment projects worth US$174.8 million have been approved, according to a press release of the Council for the Development of Cambodia issued on May 22.
The newly-approved projects are expected to generate in total 2,458 jobs for the locals.
The five investment projects cover the construction of a five-star hotel, the production and assembly of solar panels, the creation of a solar power station, the production of cardboard boxes, and so on.
These projects belong to five different companies located in the provinces of Preah Sihanouk, Kampong Speu, Battambang, and Svay Rieng.
Such investments amid the COVID-19 outbreak demonstrates confidence of foreign investors in Cambodia’s macroeconomic, political and social stability though threatened by the pandemic.
By Phal Sophanith