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The Council for the Development of Cambodia (CDC) approved 16 capital investment projects last month totalling more than $700 million that are expected to create 11,414 local jobs.
Heng Chivoan
CDC gives nod to 16 projects worth $700M last month
Mon, 1 March 2021
The Council for the Development of Cambodia (CDC) approved 16 capital investment projects last month totalling more than $700 million that are expected to create 11,414 local jobs.
The projects are mainly factories in the manufacturing industries of garments, textiles, bags, tyres, furniture, spare parts, grills, stationery and electrical appliances, but also include an international polyclinic, according to the CDC.
The investment capital behind the projects sums up to $702.5 million, but could range between $701.7 and $703.3 million as the CDC rounds each of its figures to two digits – creating a discrepancy in the final number.
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