CDC last year approved investment projects worth over $4.68 billion, an increase of 7 per cent compared to 2021.
The Cambodian Investment Board under the Council for the Development of Cambodia (CDC) has approved investment proposals for 11 more firms, creating 11,000 jobs. The companies will have a total investment of $57.3 million. Nine of these are in the garment, footwear and travel goods sector. CDC last year approved investment projects worth over $4.68 billion.
Tiens Textile (Cambodia) Co Ltd, located in Daun Keo village, Samrong Tong district, Kampong Speu province will set up a $6.4-million garment and textile factory, creating 531 jobs. All Win Shoes (Cambodia) Co Ltd will launch a shoe factory in the same area, creating 478 jobs.
Jungkwang Evergreen Garment Co Ltd will open a garment factory in Trapeang Thleung 4 village, Sangkat Choam Chao I, Khan Por Sen Chey and employ 2,610.
Funday Garment Co Ltd will set up a factory in Ang Snuol I village, Ang Snuol district, Kandal province, and employ 2,047.
Hanwangda Bags factory (Cambodia) Co Ltd will create 2,135 more jobs in Phnom Sruoch district in Kampong Speu province, according to Cambodian media reports.
Everich Outdoor Products (Cambodia) Co Ltd will set up a factory in Kong Pisey district and employ 798. The shoe factory of Bright Lucky Enterprise (Cambodia) Co Ltd in Ang Takov village, Sangkat Kork Roka, Khan Prek Pnov, Phnom Penh will create 798 jobs.
Hestra (Cambodia) Co Ltd will set up a sportswear factory producing leather and fabric-based products in the Royal Group Phnom Penh Special Economic Zone with an investment of $500,000 and create 500 jobs.
Apart from that, a number of companies have received approval to set up factories in the special economic zone in Sihanoukville.
Fibre2Fashion News Desk (DS)