Council for the Development of Cambodia (CDC) has endorsed three new investment projects with a total capital of US$15.7 million in Kampong Speu province and Phnom Penh capital.
According to the council’s recent press release, the newly approved projects belong to Jade Fashion (Cambodia) Garments Company Limited, Hong Yu Fang Garment Co., Ltd., and Shun Wei Fang Zhi Ke Ji Co., Ltd.
The three companies will invest in the creation of garment and yarn factories, the same source pointed out.
The newly-approved investment projects are expected to create some 2,279 jobs for the locals, added the press release.
Source: Agency Kampuchea Press