CDC Approves US$5.5 Million Investment Projects

Two more investment projects with a total capital of US$5.5 million have been recently approved by the Council for the Development of Cambodia (CDC).

According to the CDC's press release issued yesterday evening, the two projects belong to Collaboration Packaging Material Products Co., Ltd. and Chasefire Outdoors (Cambodia) Co., Ltd.

To be located in Ang Snoul district of Kandal province and Samrong district of Takeo province, it pointed out, the newly-approved projects will cover the production of bags' and footwear's parts, and safety apparel, bags and all kinds of camping equipment.

They are expected to create more than 1,200 jobs for the locals, the same source added.

Such investment amid the COVID-19 outbreak demonstrates confidence of investors in Cambodia’s macroeconomic, political and social stability though threatened by the pandemic.

Source: Agency Kampuchea Press