Over US$10-million Garment Factory to Open in Kampong Speu Province
AKP Phnom Penh, August 12, 2020 —
Forever Fug Garment Co., Ltd. will invest some US$10.3 million in building a garment factory in Thbong Ang village, Prey Nheat commune, Korng Pisey district, Kampong Speu province, 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 2,263 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