Cambodia: CDC approves three more investment projects worth over $15 million

• May 31, 2023

The Council for the Development of Cambodia (CDC) has given green light to three new investment projects with a total capital of $15.4 million.

The new projects belong to BOLITO GARMENT CO., LTD., XIN LI AN SHOES CO., LTD. and NEW HM KNITTING CLOTHING (CAMBODIA) CO., LTD., the CDC said in a press release issued yesterday afternoon.

The three companies will invest in the manufacturing of clothes in the provinces of Kandal and Kampong Speu and shoe accessories in the capital of Phnom Penh, it pointed out.

More than 3,000 jobs are expected to be generated for the locals by the three newly approved projects, the source added.  AKP-C.Nika