A US$2-million Garment Factory to Open in Phnom Penh Capital
AKP Phnom Penh, July 25, 2020 —
IGTM (Cambodia) Co., Ltd. will invest some US$2.1 million in building a garment factory in Sambo village of Khan Dangkor, Phnom Penh, according to a news release of the Council for the Development of Cambodia (CDC).
The investment project has recently gotten the green light from the CDC, pointed out the release issued yesterday.
The newly approved project is expected to generate 396 jobs for the locals, the same source added.
Such investment demonstrates confidence of foreign investors in Cambodia’s macroeconomic, political and social stability, especially during this COVID-19 crisis.
By Phal Sophanith