Project approvals retain traction even as Covid constricts c

Project approvals retain traction even as Covid constricts construction


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Workers worked at a construction site in Phnom Penh's Chamkarmon district on January 25, 2021. Hong Menea
Project approvals retain traction even as Covid constricts construction
Wed, 5 May 2021
The government approved six more investment projects with capital of over $106 million, even as the Covid-19 pandemic ravages the Cambodian economy, leading to a slowdown in construction projects.
In a May 5 press release, the Council for the Development of Cambodia (CDC) said it had approved final registration certificates for Jin Bei Palace Co Ltd's $48.7 million 195-room five-star hotel in Commune IV's Village 4 in Sihanoukville, which the CDC estimates will create 380 new jobs.
It also gave the nod to Kuantech (Cambodia) International Co Ltd's $29.7 million assembly plant for electronic components, especially those used in electronic face masks and air purifiers. The project is set to be in Tram Kak district's Popel commune of Takeo province and provide 628 jobs.

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