Phnom penh: Seven qualified investment projects (QIPs) amounting to US$350 million have been approved by the Council for the Development of Cambodia (CDC). The approval, announced during the 11th One Window Service Meeting, was chaired by H.E. Chea Vuthy, Secretary-General of the Cambodian Investment Board of the CDC.
According to Agence Kampuchea Presse, these investment projects are expected to create approximately 4,000 job opportunities once they become operational. The projects span various sectors, including agro-industry with a focus on rubber recycling, and industrial projects covering the production of sports materials, bags, toys, cement, household electronic appliances, marble, and light bulbs.
The approved QIPs are strategically located across the provinces of Kandal, Takeo, Kampong Chhnang, and Thbong Khmum, potentially boosting local economies and enhancing industrial growth in these regions.